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24 May 2025 13:04
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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
     24 May: Belief the oil and gas industry's emerged a winner in the Budget - at the expense of the climate
     24 May: Pedersen wins Giro d'Italia stage 13, Del Toro extends general classification lead
     23 May: Rents have dropped around the country for a second month
     23 May: Supercars will race in the North and South Islands as part of a New Zealand double-header from next season - Christchurch's Ruapuna Raceway joins the calendar and Taupo's agreement extends until 2028
     23 May: The Finance Minister says the whole country will benefit from New Zealanders having more savings
     23 May: A boost for Nelson Hospital is the Government's largest ever investment in the city
     22 May: NZ Budget 2025: tax cuts and reduced revenues mean the government is banking on business growth
     Top Stories

    RUGBY RUGBY
    Sevu Reece is relieved to finally remove a try-scoring weight off his shoulders following the Crusaders 15-12 Super Rugby win over the Highlanders in Christchurch More...

    BUSINESS BUSINESS
    Belief the oil and gas industry's emerged a winner in the Budget - at the expense of the climate More...


     Today's News

    		 Accident and Emergency:
    A person has died after a truck collided with a power pole in Whangarei overnight 12:26

     Business:
    Belief the oil and gas industry's emerged a winner in the Budget - at the expense of the climate 11:57

     Business:
    Pedersen wins Giro d'Italia stage 13, Del Toro extends general classification lead 11:16

     Cricket:
    West Indies all-rounder Matthew Forde has equalled AB de Villiers' record for the fastest one-day international half-century during their match against Ireland in Dublin 11:06

     Law and Order:
    A number of cats have allegedly been killed in East Auckland by a pair of roaming dogs 10:47

     Law and Order:
    A woman has been arrested after allegedly attacking several people with a knife in Germany 10:36

     Rugby:
    Sevu Reece is relieved to finally remove a try-scoring weight off his shoulders following the Crusaders 15-12 Super Rugby win over the Highlanders in Christchurch 10:27

     Swimming:
    Olympic swimmer Hazel Ouwehand has stormed home to break the New Zealand record in the 50 metre butterfly at the national championships 10:27

     Environment:
    The death toll sits at five, in the New South Wales floods, as the rain continues 10:27

     Law and Order:
    Eight found guilty in Kim Kardashian Paris robbery trial 10:07

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