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29 May 2025 4:50
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      Home > News > Business

    Billionaire investor Warren Buffett's announced he'll retire from Berkshire Hathaway by year's end

    Billionaire investor Warren Buffett's announced he'll retire from Berkshire Hathaway by year's end


    The 94 year old's recommended Greg Abel as his successor for the multinational conglomerate.

    Mr Buffett's added he has zero intention of selling one share of Berkshire Hathaway and will instead give it away.

    Berkshire Hathaway owns more than 60 companies, including battery-maker Duracell and restaurant chain Dairy Queen.

    It also has major stakes in Apple, Coca Cola, Bank of America and American Express among others.

    © 2025 Newstalk ZB, NZCity

     Other Business News
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     28 May: Port of Auckland's price hikes for truck operators will be bigger and come sooner than expected
     28 May: Transport operators say there's no justification for escalating charges at the Port of Auckland
     28 May: A major reason for a lack of retail crime prosecutions may be because of the businesses themselves
     Top Stories

    RUGBY RUGBY
    A timely return for the Crusaders ahead of the Super Rugby Pacific playoffs More...

    BUSINESS BUSINESS
    The Reserve Bank's Chief Economist says making OCR decisions by-committee is working well, even if the committee members sometimes disagree More...


     Today's News

    		 Business:
    The Reserve Bank's Chief Economist says making OCR decisions by-committee is working well, even if the committee members sometimes disagree 4:37

     Rugby League:
    New South Wales utility Connor Watson is confident the halves pairing of Mitchell Moses and Nathan Cleary can co-exist in tonight's opening State of Origin game against Queensland in Brisbane 21:57

     Entertainment:
    Richard E. Grant keeps his 'Spice World' outfits in his attic 21:50

     Entertainment:
    Jennifer Lopez will make "last-minute decisions" about her outfits for the American Music Awards 21:20

     Environment:
    A timely return for the Crusaders ahead of the Super Rugby Pacific playoffs 21:17

     Law and Order:
    Judge steps down in Diego Maradona homicide trial after documentary controversy, leaving case in limbo 21:07

     Entertainment:
    Tom Cruise is "never going to slow down" 20:50

     Entertainment:
    Frankie Bridge is open to having another baby 20:20

     Entertainment:
    Kevin Jonas turned to a therapist to help "process the highs and the lows" of stardom 19:50

     Entertainment:
    Chris Evans skipped the Cannes Film Festival in order to spend time with his mom 19:20

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