Gates to Join Berkshire Board

December 16, 2004

Berkshire Hathaway, the longtime and phenomenally successful investment company run by Warren Buffett, and its insurance divisions, General Re, National Indemnity, GEICO and others, will soon have the benefit of the experience and advice, of America’s two wealthiest individuals.

On December 14, 2004, the company’s Board of Directors voted to elect William H. Gates III to serve as a director to fill the current vacancy on the Board.

The announcement noted that Microsoft’s founder and former CEO (he’s now officially the company’s Chief Software Architect) “has long been a shareholder of Berkshire Hathaway. He and Buffett are also longtime friends.

Gates has long been the wealthiest individual American, with a net worth in excess of $70 billion. Buffett’s a poor second with only around $34 billion.

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Latest Comments

  • December 16, 2004 at 1:24 am
    ctyre says:
    Only Jesus can determine the worth of a man.
  • December 16, 2004 at 12:50 pm
    Poor says:
    How do those poor bastards get along on such a pittance?
  • December 16, 2004 at 9:03 am
    Jimmy says:
    Buffett is worth at least 40 billion, since he has about 470,000 shares of Class A stock in Berkshire Hathaway, and since they are about 90-100,000 per share....you do the mat... read more
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