Warren Buffett News

Buffett’s Salary Unchanged After 25 Years

Warren Buffett’s total compensation declined 14 percent last year to $423,923 as Berkshire Hathaway spent less on his security, but his salary remained unchanged at $100,000. Buffett’s salary for leading Berkshire as chairman and chief executive hasn’t changed in more …

Gates, Buffett Still Top of Forbes List of Richest Americans

The net worth of the richest Americans grew by 13 percent in the past year to $1.7 trillion, Forbes magazine said on Wednesday, and a familiar cast populated the top of the annual list, including Bill Gates, Warren Buffett, Larry …

Buffett’s Berkshire Hathaway Relying Less on Insurance Units

Warren Buffett’s recent birthday was good news for Berkshire Hathaway investors who could celebrate another year of the Oracle of Omaha’s leadership. But the milestone also reminded shareholders they need to think about who will run the evolving company after …

Berkshire Hathaway Profit Falls on Derivative Losses

Warren Buffett’s ice-cream-to-insurance conglomerate Berkshire Hathaway reported a smaller profit for the second quarter on Friday as losses on derivatives dragged down results, though operating income set the new records Buffett predicted. Buffett eschews derivatives for the most part, but …

Buffett Plays Down Health Issue, Responds to Analysts

Warren Buffett tried to allay fears of Berkshire Hathaway Inc shareholders about the company’s future after he was diagnosed with prostate cancer, and revealed that he recently tried to make one of the biggest acquisitions of his storied career. The …

Berkshire Hathaway Doubles Profit on Lower Catastrophe Losses

Berkshire Hathaway said it generated $3.245 billion in net income overall, up from last year’s net income of $1.511 billion last year in the quarter. Last year’s results were hurt by $1.1 billion in insurance losses from the Japanese earthquake …

Insurance Analysts to Question Buffett at Berkshire’s Annual ‘Woodstock’

Warren Buffett is not one to talk much about his personal life in public, but his prostate cancer may dominate the conversation this weekend when his conglomerate Berkshire Hathaway convenes its annual shareholder meeting. The event dubbed “Woodstock for Capitalism” …

Berkshire’s Warren Buffett Reveals Stage I Prostate Cancer Diagnosis

Warren Buffett, CEO of Berkshire Hathaway Inc., revealed Tuesday that he has Stage 1 prostate cancer but assured his condition is not “remotely life-threatening or even debilitating in any meaningful way.” In a letter to shareholders, the world’s third-richest man …

Insurance Highlights from Buffett’s 2011 Letter to Berkshire Shareholders

Warren E. Buffett thinks that among large insurance operations, those owned by his Berkshire Hathaway are the “best in the world.” Buffett is chairman of the board of Berkshire Hathaway, which owns Berkshire Hathaway Reinsurance Group, personal lines powerhouse GEICO …

Buffett Adds to Bullish U.S. Economic Recovery Signals

Anyone looking for more evidence of a strengthening U.S. economic recovery need only consider conglomerate Berkshire Hathaway, where businesses ranging from railroads and electric utilities to furniture and candy stores are racking up record profits. Even though Berkshire’s Warren Buffett …