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5 May 2025 11:59
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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
     05 May: The public's being asked to decide the future of the 101-year old History House Museum in Greymouth
     04 May: More than half of Kiwis have been directly affected by cyclones, storms and other natural events over the past two years
     03 May: A balance between the interests of teachers, and financial difficulties in the public sector
     02 May: A spike in companies going into liquidation
     02 May: Trump's deep-sea mining executive order sparks condemnation by scientists and conservationists
     02 May: Traffic management is in place on State Highway 29 in Matamata after a crash took down power lines
     02 May: Some signs of turn-around in the building sector
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    BUSINESS BUSINESS
    The public's being asked to decide the future of the 101-year old History House Museum in Greymouth More...


     Today's News

    		 Entertainment:
    Bob Geldof was left "mortified" when he read the script for the Live Aid musical 11:28

     Entertainment:
    Sinners: how real stories of Irish and Choctaw oppression inform the film 11:17

     Politics:
    The Police Minister says complex social issues surround Northland's meth crisis 11:07

     Entertainment:
    Blake Lively has gone through the "highest of highs and the lowest of lows" over the last year 10:58

     Accident and Emergency:
    Five people with serious injuries are being taken to hospital after a crash on State Highway 1 between Invercargill and Bluff 10:47

     Law and Order:
    A Wellington Mayoral candidate's been arrested and charged with failing to stop for Police 10:47

     Politics:
    Labor wins with a superior campaign and weak opposition – now it’s time to make the second term really matter 10:37

     Motoring:
    Oscar Piastri beats Lando Norris in Miami Grand Prix to extend championship lead 10:37

     Entertainment:
    Penn Badgley's friends have been calling his son by the wrong name after a mistake on the Internet became difficult to correct 10:28

     National:
    In its soul-searching, the Coalition should examine its relationship with the media 10:27

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