Warren Buffett to donate $1.1 billion of Berkshire stock to 4 family foundations
In a letter to shareholders, Warren Buffett revealed that he would be donating more than $1.1 billion of Berkshire Hathaway stock to four of his family's foundations. In addition, he detailed plans for distributing his wealth after his death.
Is This Warren Buffett's Favorite Stock? (Hint: It's Not Apple)
There is one stock he has never sold since buying in 1991, though: American Express (NYSE: AXP). Buffett owns over 20% of the credit card issuer and bank, making it the second-largest position in the Berkshire Hathaway portfolio. The position trades at a value of $40 billion as of this writing.
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The Arnaults' clout in the luxury world has conjured "Succession" parallels over who might take over. But Bernard Arnault ...
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