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16 Jun 2025 7:22
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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
     14 Jun: Global trade disruptions pose the biggest threat to New Zealand's economic recovery
     14 Jun: Kiwibank is suggesting more OCR cuts are needed to revive the economy
     13 Jun: A solar panel wholesaler believes the government's new power policies are a win for all
     13 Jun: Consultant spending in the public sector has fallen to its lowest number in seven years
     13 Jun: A 50-million-dollar capital raise to fund a major expansion to a private hospital in Christchurch, has been over-subscribed by 30 percent, and closed within weeks
     13 Jun: Wimbledon has increased prize money for this year's championships to 120 million dollars, a seven per cent rise and double what was offered a decade ago
     12 Jun: The horticulture sector's celebrating a surge in exports
     Top Stories

    RUGBY RUGBY
    A parochial Crusaders home crowd in Christchurch doesn't worry the Chiefs heading into a third straight Super Rugby final More...

    BUSINESS BUSINESS
    Global trade disruptions pose the biggest threat to New Zealand's economic recovery More...


     Today's News

    		 Golf:
    The leaders have teed off in the final round of golf's US Open on the Oakmont course 7:07

     Motoring:
    F1 live Canadian Grand Prix: Oscar Piastri starts third, world championship rival Lando Norris starts seventh 7:07

     Motoring:
    Shane van Gisbergen is hoping history repeats at the debut Nascar race in Mexico City from 7am 5:37

     Accident and Emergency:
    Police are investigating what caused a boat to capsize off the coast of South Taranaki just after 10am yesterday 4:37

     International:
    From 'massive conflict' warnings to missiles: How the Iran-Israel conflict started 21:16

     Rugby League:
    The Canterbury Bulldogs have held off the weather and the South Sydney Rabbitohs to claim a 24-18 NRL win in Sydney 21:16

     Rugby League:
    Mother nature has forced the players off the field in the NRL clash between the Bulldogs and Rabbitohs in Sydney 19:06

     Motoring:
    The Lyttelton Road Tunnel is closed this evening because of a crash 18:36

     International:
    Benjamin Netanyahu and Ali Khamenei — the men behind the Middle East's latest conflict 18:16

     Netball:
    The Tactix have recorded a statement 61-50 win over the Pulse in their ANZ Premiership match in Christchurch 18:06

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