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Warren Buffett

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

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.

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

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

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.

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

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.

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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.

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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.

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

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.

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.

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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.

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BYD electric cars for export waiting to be loaded onto a vessel at Yantai port in eastern China’s Shandong province. Photo: AFP

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.

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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

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.

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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.

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.

Berkshire Hathaway Vice-Chairman Charlie Munger speaks during an interview in Omaha, Nebraska, in May 2013. Photo: Reuters

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?

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

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.

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.

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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?

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

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.

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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.

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.

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Warren Buffett. Photo: TNS

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.

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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

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.

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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.

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‘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.

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Warren Buffett, chairman, CEO and largest shareholder of Berkshire Hathaway, pictured in 2015. Photo: Reuters

Move over, Elon Musk: who’s the richest billionaire in 2023?

Elon Musk lost his No 1 spot to LVMH’s Bernard Arnault last year in a record-breaking wealth loss, but who else is on 2023’s list of world’s richest people?

Mukesh Ambani, Elon Musk, Bernard Arnault, Jeff Bezos and Bill Gates are among the world’s richest people in 2023. Photos: @mukesh.ambaniii, @thisisbillgates/Instagram; TNS; AFP; Getty Images

Buffett’s Berkshire cuts stake in Chinese EV maker BYD for 10th time

The share sale on March 31 has reduced Berkshire’s holding to 10.9 per cent from 19.92 per cent in August, when it started paring its stake in the Shenzhen-based carmaker for the first time in 14 years.

The most expensive watches of the world’s 7 richest billionaires, ranked

From tech billionaires Bill Gates, Elon Musk, Jeff Bezos and Larry Ellison, to investment guru Warren Buffett and luxury titan Bernard Arnault – who has the priciest timepiece?

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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
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