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Warren Buffett

Berkshire Hathaway is controlled by Warren Buffett, who is chairman and chief executive of the company which owns a range of companies, including GEICO and NetJets, a substantial stake in Heinz, and has stakes in American Express, Procter & Gamble and IBM. The company is noted for outperforming the stock market under the leadership of Buffett, a value investor.

Born

30 Aug 1930

Industry

Business

Job Title

Businessman

last updated:

7 October, 2024

Who was Warren Buffett’s first wife Susan Thompson Buffett, and why was their marriage described as “unconventional’”? Photo: Reuters

Millionaires and billionaires

Inside Warren Buffett’s ‘unconventional’ marriage to first wife Susan

She had the second largest stake in Berkshire Hathaway and played a major role in her husband’s philanthropy; the pair remained deeply connected, despite living largely separate lives, until her death.

10 Dec 2024 - 4:00AM

Electric & new energy vehicles

BYD set to usurp VW as China’s top carmaker amid surge in EV deliveries

18 Nov 2024 - 8:56PMvideocam

Ukraine war

Ukraine mine-clearing efforts struggle to revive war-torn farms

17 Nov 2024 - 6:30PM

Millionaires and billionaires

Recap | Who are the richest people in the world and how did they earn their wealth?

Who has amassed the world’s largest fortunes? Take a deep dive and find out how much they are worth, from the wealthiest tech moguls to fabulously rich supermodels, from millionaire rock stars to the youngest billionaires.

2 Nov 2024 - 3:38PM

Elon Musk is CEO of electric vehicle maker Tesla and spacecraft manufacturer SpaceX. He also owns X, formerly known as Twitter. Bloomberg estimates he was worth US$248 billion as of September 12, 2024. Photo: Reuters

US presidential election 2024

Here’s how US billionaires and their employees are approaching the election

From Silicon Valley to Wall Street, some company executives are mega donors while others are staying neutral.

28 Oct 2024 - 3:37PM

Millionaires and billionaires

Who’s in the US$100 billion club? Net worths, ranked – from Musk to Zuckerberg

From the pioneering tech founders behind Google and Microsoft to the industry titans behind Walmart and Reliance, these founders and CEOs are worth over US$100b – here’s how they made their fortunes.

15 Oct 2024 - 7:00PM

United States

As Berkshire Hathaway tops US$1 trillion, Buffett’s legacy reaches new heights

Warren Buffett’s conglomerate joins tech giants like Apple, Nvidia, and Microsoft with a market value of US$1 trillion.

28 Aug 2024 - 11:12PM

Berkshire Hathaway’s market value hit $1 trillion, reflecting investor confidence in Warren Buffett’s conglomerate, which has outperformed the S&P 500. Photo: AP

United States

Apple, Nvidia lead sell-off as stock markets plunge on US recession fears

Chicago Fed President Austan Goolsbee said officials need to be aware of changes in environment to avoid overly restrictive interest rates.

6 Aug 2024 - 5:01AM

Electric & new energy vehicles

Tesla regains EV crown from BYD by outselling rivals in shrinking China market

Tesla is the world’s largest maker of pure electric cars again after outselling its closest rival, BYD, during the first quarter of this year, according to data published by the companies.

3 Apr 2024 - 3:54PMvideocam

Electric & new energy vehicles

BYD expects sales growth slowdown, banks on export surge for profits

BYD, the world’s largest electric-vehicle maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China.

28 Mar 2024 - 9:00PM

BYD’s YangWang U9 electric supercar is displayed at the 45th Bangkok International Motor Show 2024 in this file photo from March. In the first two months of this year, BYD delivered 325,706 cars to customers, an increase of 2.9 per cent from the same period in 2023. Photo: EPA-EFE

Electric & new energy vehicles

China’s BYD to spend US$55 million on buy-back of Shenzhen-listed shares

The Shenzhen-based company expects to complete its share repurchase scheme within 12 months of the plan’s approval by shareholders.

6 Mar 2024 - 9:24PM

BYD rolls out the new Dolphin Mini electric vehicle during its launch in Mexico City, Mexico, on February 28, 2024. Photo: Reuters

Electric & new energy vehicles

Chinese EV builders Li Auto, Xpeng and Nio get 2024 off to a slow start

Mainland Chinese EV builders’ 2024 has got off to a bumpy start, after car deliveries dropped sharply amid mounting concerns about a slowing economy and job losses.

2 Feb 2024 - 6:00AMvideocam

Electric & new energy vehicles

China’s BYD to post huge jump in 2023 profit amid record EV deliveries

The world’s largest electric car maker expects earnings for 2023 to jump by as much as 86.5 per cent, buoyed by record deliveries. Its profitability, however, remains far behind rival Tesla because of the American giant’s bigger profit margins.

30 Jan 2024 - 1:05PMvideocam

BYD

Editorial | China’s BYD electric vehicles leave Tesla standing

Shenzhen carmaker is having the last laugh on Elon Musk as its global deliveries overtake those of US rival.

13 Jan 2024 - 1:15AM

Electric cars for export wait to be loaded on BYD Explorer No 1 at Yantai port, in eastern China’s Shandong province. Shenzhen-based BYD has surpassed the US’ Tesla as the world’s largest maker of pure electric vehicles. Photo: AFP

Stocks

The View | Charlie Munger’s wisdom on crypto ‘poison’ shows investment experience counts

Charlie Munger, along with investment partner Warren Buffett, built a strategy around good assets that had been underpriced. With a little of Munger’s discernment, investors and regulators might have avoided much pain over the likes of FTX and Binance.

1 Dec 2023 - 4:55PMvideocam

Berkshire Hathaway chairman Warren Buffett, left, and vice-chairman Charlie Munger chat with reporters on May 3, 2019. Munger, who helped Buffett build an investment powerhouse, has died at 99. Photo: AP

Stocks

Explainer | From BYD to Alibaba: Charlie Munger and his hot Chinese stock picks

Charlie Munger, a former lawyer, was Warren Buffett’s deputy at Berkshire Hathaway. He was a value investor who believed in long-term investments and companies’ intrinsic value.

29 Nov 2023 - 4:38PM

Obituaries

Charlie Munger, who helped Warren Buffett build Berkshire Hathaway, dies at 99

Munger was known for steering Buffett away buying ‘cigar butts’ – mediocre firms at very cheap prices – and instead favouring quality over quantity.

29 Nov 2023 - 7:43AM

Millionaires and billionaires

The world’s billionaires’ annual social calendar, revealed

From rubbing shoulders with Prince William at Ascot, to picking out million-dollar artworks at Frieze, the world’s wealthiest flock to a handful of events year round – so what are they?

27 Nov 2023 - 4:00AM

Stan Druckenmiller, Bom Kim and Kevin Warsh at the Allen & Company Sun Valley Conference 2023, where the world’s most wealthy and powerful figures from media, finance, technology and politics come together. Photo: Getty Images via AFP

Electric & new energy vehicles

BYD posts record third-quarter profit after beating Tesla in EV deliveries

BYD, the world’s largest electric vehicle (EV) maker, reported on Monday its highest ever quarterly profit, buoyed by surging deliveries and a cost-cutting campaign.

30 Oct 2023 - 9:46PM

Electric & new energy vehicles

BYD expects third-quarter earnings to more than double, hit all-time high

BYD, the world’s largest EV maker, expects its third-quarter earnings to hit an all-time high after it delivered a record number of cars to Chinese consumers.

18 Oct 2023 - 7:00AM

Celebrity children

Not just Mick Jagger: 8 super-wealthy celebs who won’t leave fortunes to their kids

The Rolling Stones frontman recently revealed he won’t be leaving his US$500 million fortune to his 8 kids – so which other mega-wealthy celebs share the same sentiment towards their offspring?

5 Oct 2023 - 3:09PM

Bill and Melinda Gates with daughter Jennifer ... who will inherit less than 1 per cent of her parents’ fortune. Photo: Melinda French Gates/Facebook

Japan

Macroscope | Stock rally shows Japan’s allure as a safe haven amid mounting China risks

Japanese stocks have had many false dawns in recent years, but the latest upswing comes as several factors suggest this time may be different. Japan is also the only market in Asia big and liquid enough to offer an alternative to China.

25 May 2023 - 9:00PMvideocam

A stock monitor in Tokyo shows the Nikkei 225 topping 30,900 on the morning of May 19. The index hit a 33-year high on May 22, reaching levels not seen since the bursting of the asset-inflated bubble economy in the early 1990s. Photo: Kyodo

Electric & new energy vehicles

Berkshire Hathaway cuts stake again in world’s No 1 EV maker BYD

The share sale on May 2 has reduced Berkshire’s holding in Shenzhen-based BYD to 9.87 per cent from 10.05 per cent in August last year.

8 May 2023 - 10:24PM

Japan

Buffett prefers investing in Japan not Taiwan due to US-China rivalry

Investment tycoon Warren Buffett said he is more comfortable with Berkshire Hathaway Inc deploying capital in Japan than Taiwan, reflecting the growing tensions between the United States and mainland China.

7 May 2023 - 11:11AMvideocam

United States

Macroscope | US commercial property unlikely to be trigger of next financial crisis

While it is true that losses in real estate markets led to a global crash in 2008, recent concerns about US commercial property may be misplaced. Other shocks, such as the outcome to the game of chicken over the US debt ceiling and the prospect of Trump as president, could prove more damaging.

4 May 2023 - 11:28PMvideocam

US Federal Reserve chair Jerome Powell gives a press conference in Washington on Wednesday as the Fed raised its benchmark interest rate by a quarter of a percentage point. Investors concerned about the financial risk of US office markets should pay attention to other factors such as Fed rates and the US presidential election. Photo: Xinhua

Electric & new energy vehicles

BYD profit falls 43.5 per cent amid car-market price war

The carmaker reported that net profit fell to 4.13 billion yuan (US$596.28 million) in the first quarter, down from 7.3 billion yuan in the fourth quarter as potential buyers anticipated bigger price cuts.

27 Apr 2023 - 11:01PM

Visitors look at a BYD Frigate 07 SUV during the 44th Bangkok International Motor Show in Bangkok on March 22, 2023. Photo: Xinhua

Electric & new energy vehicles

BYD sales poised to surpass VW in China as budget EV looks like big hit

The Warren Buffett-backed company cut the price of its Seagull model below the level that already attracted 10,000 pre-orders in 24 hours.

26 Apr 2023 - 7:59PM

Japan

‘It was the worst’: Warren Buffett loves investing in Japan – but hates the food

The billionaire investor swore off Japanese food for life after a disastrous sushi dinner in 1989. Even at 92, he’d much rather be eating McDonald’s, Hershey’s Kisses and Coke.

24 Apr 2023 - 9:19AM

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