US EditionWarren Buffett Says He Will ‘Step Up’ Pace Of Fortune Disbursements To His Children’s Foundations
- On November 10, 2025, Warren Buffett, CEO of Berkshire Hathaway, said he will step up disbursements from his $149 billion estate to his children's foundations in a Monday shareholder letter likely marking his last message before Greg Abel becomes incoming chief executive.
- Because his children are older, Buffett explained he must speed gifts to their three foundations to ensure they manage his estate before alternate trustees replace them, while retaining significant A shares until shareholders trust Greg Abel.
- He converted 1,800 Class A shares into 2.7 million Class B shares and delivered 1.5 million to The Susan Thompson Buffett Foundation and 400,000 each to The Sherwood, Howard G. Buffett, and NoVo foundations Monday.
- Buffett confirmed he will step back from the annual report but continue an annual Thanksgiving message while Greg Abel, 63, vice chairman of non-insurance operations, takes over as CEO next year.
- With a record $381.6 billion cash pile and 12 straight quarters of net equity sales, Berkshire Hathaway's $1 trillion scale and third-quarter operating profit jump of 34% shape its financial backdrop.
130 Articles
130 Articles
The world's tenth 95-year-old fortune fine-tunes its succession and announces its intention to accelerate donations to its children's foundations, so that they can fully dispose of them.
The Berkshire-Hathaway founder terminates his shareholder letters and donates more of his billions. However, he wants to keep some contact with the shareholders.
The 95-year-old entrepreneur will retain a "significant" share of the group's shares until the shareholders are "easy" with the new manager.
It may be his last letter as head of Berkshire to shareholders: Warren Buffett is demonstratively behind successor Greg Abel. At the same time, he puts his money faster than before into charitable purposes.
Sydney Morning Herald
The AgeBillionaire Buffett’s final words on longevity, luck and corporate greed
The “Oracle of Omaha” has signed off in style and despite his decades of business success and wealth there was little preaching in his dispatch about the dos and don’ts of accumulating capital.
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