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5 May 2025 10:43
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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
     Top Stories

    RUGBY RUGBY
    First up success for New Zealand's pioneering under-85 kilogram men's rugby side More...

    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

    		 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

     Cricket:
    First up success for New Zealand's pioneering under-85 kilogram men's rugby side 10:27

     National:
    Second-term Albanese will face policy pressure, devastated Liberals have only bad options 10:17

     National:
    Blaming Donald Trump for conservative losses in both Canada and Australia is being too kind to Peter Dutton 10:07

     Accident and Emergency:
    State Highway 1 is closed between Invercargill and Bluff 10:07

     Entertainment:
    Geezer Butler is having nightmares and "palpitations" ahead of Black Sabbath's reunion gig 9:58

     Entertainment:
    Jodie Sweetin wouldn't "hug" Candace Cameron Bure if she saw her but she doesn't "hate" her 9:28

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