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Berkshire Hathaway

All articles tagged with #berkshire hathaway

business2 hours ago•14 min saved

Buffett Plans a 2034 Berkshire Stock Gift to Charitable Foundations

Warren Buffett says he intends to distribute all of his Berkshire Hathaway holdings by the end of 2034, converting about 8,000 Class A shares into roughly 12 million Class B shares and donating the stock to four foundations (Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation, Novo Foundation). After the transfers, he would retain about 188,290 Class A shares and 1,162 Class B shares, with his three children overseeing the remaining disposals; the plan is to be completed by 12/31/2034, with growth in annual grants expected for the foundations.

via Yahoo Finance|

#berkshire-hathaway #business #class-a-to-class-b-conversion

business11 hours ago•3 min saved

Buffett Ends Annual Berkshire Donations to Gates Foundation, Redirects Funds to Family Foundations

Warren Buffett says he will stop his yearly Berkshire Hathaway stock donations to the Bill & Melinda Gates Foundation, directing the remaining shares to four Buffett-family foundations over the next eight years (to be fully distributed by 2034). The move comes weeks after Gates detailed his links to Jeffrey Epstein; Buffett had donated about $47 billion to the Gates Foundation over 20 years, though he did not name Gates in his statement. The Gates Foundation responded that it remains financially strong and continues its work through 2045.

via BBC|

#berkshire-hathaway #business #gates-foundation

business12 hours ago•4 min saved

Buffett omits Gates Foundation as Epstein ties surface, redirects billions to family charities

Buffett skipped the Gates Foundation in his annual giving after disclosures of Bill Gates’s ties to Jeffrey Epstein, redirecting about $6 billion to four family-run foundations and accelerating a plan to donate all remaining Berkshire Hathaway stock by 2034; Gates denies involvement in Epstein’s crimes, Buffett notes their friendship has cooled, and the shift continues Buffett’s long-running philanthropic pattern while he steps further toward complete charitable giving.

via The Guardian|

#berkshire-hathaway #business #epstein

business16 hours ago•2 min saved

Buffett Skips Gates Foundation in Latest Berkshire Stock Donations Amid Epstein Review

Warren Buffett said he will donate 9 million Berkshire Class B shares to the Susan Thompson Buffett Foundation and 1 million shares to each of the Sherwood Foundation, the Howard G. Buffett Foundation, and the Novo Foundation, leaving out the Gates Foundation for the first time as it undergoes a review over ties to Jeffrey Epstein; Buffett aims to dispose of all Berkshire shares by 2034 and will discuss the plan on CNBC.

via CNBC|

#berkshire-hathaway #buffett #business

business17 days ago•8 min saved

Greg Abel Becomes a U.S. Citizen at Iowa Cubs Ceremony

Greg Abel, Berkshire Hathaway’s CEO, was sworn in as a U.S. citizen during the Iowa Cubs’ naturalization ceremony in Des Moines and even tossed the ceremonial first pitch. The event, the 18th annual ceremony at the ballpark, saw 533 new citizens sworn in that day. Abel—born in Edmonton, Canada—remains a high-profile Berkshire leader with the company valued at over $1 trillion, while Buffett has hinted Abel’s citizenship would come “very soon.”

via CNBC|

#berkshire-hathaway #business #citizenship

business17 days ago•1 min saved

Greg Abel Becomes a U.S. Citizen, Adding to Berkshire Hathaway's Global Ties

Greg Abel, Berkshire Hathaway’s Canadian-born CEO, was naturalized as a U.S. citizen in Des Moines at Principal Park during a ceremony before an Iowa Cubs game, joining 29 new citizens in the event.

via Axios|

#berkshire-hathaway #business #des-moines

investing29 days ago•9 min saved

Berkshire Bets Big on Alphabet to Win the AI Era

Berkshire Hathaway has substantially increased its Alphabet stake, tripling it earlier and adding roughly $10 billion from Alphabet’s $80 billion equity raise, giving Berkshire about 86.7 million Alphabet shares (roughly $30.9 billion) and making Alphabet Berkshire’s fourth-largest public holding. The move reflects a bet that Alphabet will win the generative AI race, leveraging its in-house data centers and TPU chips for a cost and capacity edge over OpenAI and Anthropic.

via The Motley Fool|

#ai #alphabet #berkshire-hathaway

investing1 month ago•7 min saved

Abel Doubles Berkshire’s Alphabet Bet With $10B Private Purchase

Berkshire Hathaway’s Greg Abel is committing another $10 billion to Alphabet via a private placement, following an estimated $11 billion investment last quarter. The deal leverages Berkshire’s hefty cash pile (about $380 billion) and could make Alphabet Berkshire’s third-largest marketable equity position, echoing Buffett-like dealmaking by securing favorable terms. Abel’s move comes as Alphabet advances AI initiatives (Google Cloud and Gemini) and maintains solid growth, though the stock trades at a rich multiple relative to earnings; still, the investment signals Berkshire’s willingness to deploy cash into tech with long-term strategic value.

via The Motley Fool|

#alphabet #berkshire-hathaway #greg-abel

business1 month ago•23 min saved

Berkshire Bets Big on Housing, Snapping Up Taylor Morrison for $8.5B

Berkshire Hathaway, led by Greg Abel, is paying about $8.5 billion for Taylor Morrison (TMHC) at roughly 8x EBITDA to take a large homebuilder private, a contrarian bet given a housing slowdown but anchored by a roughly 4-million-unit US shortage and a high-margin mortgage origination and title-insurance business Berkshire can cross-sell through its existing housing operations; Berkshire’s roughly $400 billion cash pile makes the deal a relatively small balance-sheet dent while signaling a patient, long-term capital-allocation stance.

via 24/7 Wall St.|

#berkshire-hathaway #business #greg-abel

business1 month ago•10 min saved

Alphabet's $80B AI Push Gets Berkshire Backing

Alphabet plans to raise about $80 billion to fuel its AI buildout, including a $10 billion private investment from Berkshire Hathaway that will buy $5 billion of Class A shares and $5 billion of Class C shares at prices below the prior close. The move comes as Alphabet lifts its annual capex forecast to $180-190 billion to expand cloud services, AI tools, and custom chips. Berkshire’s backing underscores confidence in Alphabet’s AI strategy, but investors trimmed the stock after hours on dilution concerns as new shares are issued.

via Yahoo Finance|

#ai #alphabet #berkshire-hathaway

investing1 month ago•7 min saved

Abel Bets Big on Alphabet as Berkshire Pours $10B Into AI Push

Greg Abel, Berkshire Hathaway’s CEO, is making big bets in his first six months, including Berkshire’s $5 billion purchases of Alphabet’s Class A and Class C shares—tied to Alphabet’s $80 billion AI infrastructure fund. The moves total about $10 billion in Alphabet stock, bringing Berkshire’s Alphabet stake to over $31 billion (roughly the fourth-largest holding) as part of a broader push into AI-quality assets, following Berkshire’s $6.8 billion Taylor Morrison Homes deal. While Alphabet’s AI ambitions justify the stake for Abel, Berkshire’s cash-heavy stance and near-term impact on free cash flow reflect Buffett-era caution meeting Abel’s willingness to concentrate bets on AI leaders.

via The Motley Fool|

#alphabet #artificial-intelligence #berkshire-hathaway

business1 month ago•14 min saved

Berkshire Bets on Housing With a $6.8B Bolt-On Deal

Berkshire Hathaway, sitting on roughly $400 billion in cash under new CEO Greg Abel, agrees to pay $6.8 billion to acquire Taylor Morrison Home as a bolt-on to its housing operations. The move is relatively small for Berkshire’s scale and signals a steady, long-term approach rather than a bet on a near-term housing rebound, while the company also investmented about $10 billion in Alphabet. The housing market remains challenged by high rates and inflation, making this acquisition unlikely to move Berkshire’s overall strategy.

via Yahoo Finance|

#alphabet #berkshire-hathaway #business

business1 month ago•13 min saved

Abel Bets Big on Alphabet as Berkshire's AI Push Goes All-In

Greg Abel is steering Berkshire Hathaway to a hefty AI-backed investment by expanding its Alphabet stake with about $10 billion in new Alphabet Class A and Class C shares, bringing Berkshire's total Alphabet position to roughly $31 billion and making it Berkshire's fourth-largest holding as Alphabet funds tens of billions for AI infrastructure. Alphabet's AI push includes Gemini LLMs, YouTube, Waymo, and its chip business, which Berkshire investors see as a durable moat and long-term growth engine, even as the shares sit near highs and Berkshire's cash pile remains huge.

via Yahoo Finance|

#alphabet #artificial-intelligence #berkshire-hathaway

business1 month ago•9 min saved

Berkshire Bets $10 Billion on Alphabet at a Discount

Berkshire Hathaway has agreed to buy $10 billion of Alphabet stock in a private placement, allocating $5 billion to Class A shares at about $352 each and $5 billion to Class C shares at about $348 each, roughly a 6% discount to Alphabet's market price, expanding Berkshire's Alphabet stake to around $32 billion. The move comes as Berkshire, flush with cash and under Greg Abel's leadership, resumes active capital deployment and follows an $8.5 billion Taylor Morrison deal; despite its size, the purchase is not expected to move Berkshire's overall needle given its massive scale.

via Business Insider|

#alphabet #berkshire-hathaway #business

business1 month ago•12 min saved

Alphabet’s AI funding spree fans optimism for Broadcom’s edge in AI infra

Alphabet unveiled an $80 billion capital raise to expand its AI infrastructure, including a $30 billion public offering, a $40 billion at-the-market program, and a $10 billion Berkshire Hathaway private placement, signaling strong backing for AI spending. Broadcom, a long-time Google AI chip supplier through 2031 and a partner to Anthropic for AI computing capacity, climbed in premarket trading as investors expect Alphabet’s funding to accelerate AI infrastructure demand and bolster semiconductors and networking tech tied to Google’s AI expansion.

via Yahoo Finance|

#ai #alphabet #anthropic