Pull to refresh
Logo
Daily Brief
Following Why Ranks Sign Up
Warren E. Buffett

Warren E. Buffett

Chairperson of Berkshire Hathaway

Appears in 4 stories

Born: August 30, 1930 (age 95 years), Omaha, NE
Net worth: 141.1 billion USD (2026)
Education: Columbia Business School (1950–1951), University of Nebraska-Lincoln (1951), Wharton School (1947–1949), and more
Spouse: Astrid Menks (m. 2006) and Susan Buffett (m. 1952–2004)
Children: Howard Graham Buffett, Susan Alice Buffett, and Peter Buffett

Notable Quotes

I think the time has arrived where Greg should become the chief executive officer of the company at year end. — Buffett, May 2025 annual meeting

"I was wrong on Kraft." — Buffett's prior public assessment of overpaying in the merger

On Greg Abel: Buffett has said Berkshire’s prospects will be “better under Greg’s management than mine,” explaining why he won’t sell any of his Berkshire shares. ([investinglive.com](https://investinglive.com/stock-market-update/buffett-confirms-greg-abel-will-take-over-as-ceo-of-berkshire-hathaway-at-the-end-of-2025-20250504/?utm_source=openai))

Stories

Berkshire Hathaway begins post-Buffett era under Greg Abel

Money Moves

Attending annual meeting but not hosting Q&A for the first time since 1965

Greg Abel's first major move as Berkshire Hathaway's chief executive came May 31: a $8.5 billion agreement to buy homebuilder Taylor Morrison. The deal consolidates Berkshire's site-built housing operations into a single national platform, adding Taylor Morrison's 350 communities across 12 states.

Updated Jun 1

Kraft Heinz cancels split, bets on internal turnaround

Money Moves

Preparing to exit Berkshire's 27.5% stake in Kraft Heinz

Since the 2015 Kraft-Heinz merger, the company has been a cautionary tale: shrinking sales, falling market share, a $15 billion writedown, a stock down roughly 70%. The board approved a tax-free two-company split in September 2025. Five months later, a new CEO scrapped that plan and bet $600 million on fixing the company instead.

Updated May 31

Pacific Northwest utility consolidation

Money Moves

Overseeing PacifiCorp wildfire liability response

Portland General Electric is buying PacifiCorp's Washington utility operations for $1.9 billion—the first major cross-state utility deal in the Pacific Northwest in decades. The deal, announced February 17, 2026, moves 140,000 customers, three power plants (805 megawatts), and 4,500 miles of transmission lines from Warren Buffett's Berkshire Hathaway to an Oregon-based utility partnering with Canadian infrastructure investors.

Updated May 29

Berkshire’s post–Buffett shake–up meets JPMorgan’s $1.5 trillion security bet

Money Moves

Transitioning from CEO to non‑executive chairman by January 1, 2026

Berkshire Hathaway is executing a leadership transition as Warren Buffett hands the CEO role to Greg Abel on January 1, 2026. The transition includes a CFO succession plan, a new in-house general counsel, and a new GEICO CEO. JPMorgan Chase is launching a $1.5 trillion, decade-long Security and Resiliency Initiative (SRI) to finance and invest in U.S. critical industries.

Updated May 10