Ruth Gottesman in 2016.Brent N. Clarke/Getty Images Ruth Gottesman is donating her late husband’s $1 billion in Berkshire stock to a Bronx medical school. The donation is set to cover students’ tuition in perpetuity. A video posted Monday shows students cheering and crying when they hear the news. When the 96-year-old Ruth Gottesman’s husband died … Read more
Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022. CNBC Berkshire Hathaway’s Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size and the lack of buying opportunities that could make an impact. The Omaha-based … Read more
Warren Buffett ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, NE. David A. Grogan | CNBC Berkshire Hathaway on Saturday reported a big rise in operating earnings in the fourth quarter, thanks to huge gains in its insurance business, while its cash pile expanded to record levels. The Omaha-based conglomerate posted operating earnings … Read more
Jimmy Haslam, CEO of Pilot Flying J. and Warren Buffett, Chairman and CEO of Berkshire Hathaway. Lacy O’Toole | CNBC A billion-dollar trial that was to determine if Berkshire Hathaway improperly used an accounting method that would significantly short-change the Haslam family in a purchase of the family’s remaining minority stake in Pilot Travel Centers … Read more
Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller The late investment icon Charlie Munger said Berkshire Hathaway, the conglomerate he and Warren Buffett built over the last five decades, could have doubled its value if they applied leverage, or borrowed money, when buying businesses and common stocks. … Read more
Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago. The Warren Buffett firm invested about $260 million in Paytm in 2018, acquiring a 3% stake in the financial services startup at a valuation of about $10 … Read more
An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022. Scott Morgan | Reuters Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record … Read more
Warren Buffett excursions the grounds on the Berkshire Hathaway Annual Shareholders Assembly in Omaha Nebraska. David A. Grogan | CNBC Berkshire Hathaway on Saturday reported a stable enhance in second-quarter working earnings, whereas the money hoard at Warren Buffett’s conglomerate swelled to almost $150 billion. The Omaha-based large’s working earnings — which embody income constituted of … Read more
Warren Buffett excursions the grounds on the Berkshire Hathaway Annual Shareholders Assembly in Omaha Nebraska. David A. Grogan | CNBC OMAHA, Neb. — Berkshire Hathaway shares rose Monday as Warren Buffett’s conglomerate wooed buyers with a powerful earnings report and an insightful “Woodstock for Capitalists” over the weekend. Berkshire’s Class A shares climbed 2% on … Read more