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

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))

On Marc Hamburg: He called Hamburg “indispensable to Berkshire and to me” whose “integrity and judgment are priceless.” ([businesswire.com](https://www.businesswire.com/news/home/20251208217411/en/Berkshire-Hathaway-Announces-Leadership-Appointments?utm_source=openai))

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

Stories

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 6 days ago

Kraft Heinz cancels split, bets on internal turnaround

Money Moves

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

For a decade, Kraft Heinz has been the cautionary tale of the 2015 mega-merger between Kraft Foods and H.J. Heinz: shrinking sales, falling market share, a $15 billion brand writedown, and a stock that lost roughly 70% of its value. In September 2025 the board approved a tax-free split into two companies as the way out. Five months later, a new CEO scrapped that plan and bet $600 million on fixing the company instead.

Updated May 6

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

Warren Buffett ran Berkshire Hathaway's annual question-and-answer session for 60 years. On Saturday in Omaha, he watched from off-stage as Greg Abel hosted it instead. Abel, who took over as chief executive on January 1, 2026, fielded shareholder questions alongside Vice Chairman Ajit Jain, BNSF chief Katie Farmer, and reinsurance executive Adam Johnson—a panel format Berkshire never used while Buffett was at the microphone.

Updated May 2

Pacific Northwest utility consolidation

Money Moves

Overseeing PacifiCorp wildfire liability response

Portland General Electric is paying $1.9 billion to acquire PacifiCorp's Washington utility operations—the first major cross-state utility acquisition in the Pacific Northwest in decades. The deal, announced February 17, 2026, transfers 140,000 customers, three power plants totaling 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 Feb 17