On Monday, Berkshire Hathaway announced it had agreed to purchase insurance company Alleghany for $11.6 billion in cash. The company said the deal, expected to close in the fourth quarter of this year, represents “a multiple of 1.26 times Alleghany’s book value at December 31, 2021” in addition to a 16% premium to Alleghany’s average […]
Chris West, CEO of Verbal Identity, explores the similarities between billionaires Elon Musk, Warren Buffett, and Steve Jobs. An obvious thing is the huge personal fortunes made from the companies they built. The less obvious thing is how they skillfully used language to build those companies (and those fortunes). Steve Jobs and Warren Buffett had […]
With a current net worth of $105.6 billion (according to Forbes), Warren Buffett is one of the most successful and influential investors and business magnates in the world. The son of a US congressman, Buffett first bought stock when he was 11 years old and first filed taxes at 13. In 1956, he founded Buffett Partnership, which was renamed Berkshire Hathaway after the company bought a textile manufacturing firm with the same name. Today, Berkshire Hathaway is a multinational conglomerate holding company which owns and operates over 60 companies, including Helzberg Diamonds, battery manufacturer Duracell, insurer Geico and the Dairy Queen restaurant chain.
Image by Alessio Jacona from Rome, Italy - Mark Zuckerberg, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=72121838 Frugality or thriftiness might not be words commonly associated with the ultra-wealthy, yet a small subset of the world’s richest people are well-known for their penny-pinching habits. Arguably, it is this characteristic that has enabled them such huge financial success in […]
At the last count, Berkshire Hathaway owned 152 million shares of American Express, giving the company a 19% stake. American Express’ stock price has rocketed this year, raising the value of Berkshire Hathaway's position to $26 billion, up from $18 billion at the start of 2021. This year, the financial services group has been one […]
Warren Buffett’s multi-billion dollar company will receive a $1.3 billion refund on the proposed purchase of Questar Pipelines. The deal would also have included a $430 million of Dominion Energy’s debt when the deal was announced last year. Dominion Energy has said it still plans to sell Questar Pipelines and will seek out another suitable buyer […]
In a statement released on June 23, the 90-year old billionaire said: “Society has a use for my money; I don't." Within the statement, he also announced he would be stepping down as a trustee of the Bill and Melinda Gates Foundation. This latest $4.1 billion donation takes Mr Buffett half of the way to […]
With 2018 behind us, it feels like so long ago that some of the year’s biggest stories have gone by and faded into obscurity—though some have had such a piercing impact that we still feel the rippling effect to this day. As we begin the new year, it’s time to look back over some of […]
There are a number of different ways to run a business, and it takes a careful balance of different factors. Do you lead with your personality? Your sense of management? Honesty and humility, or being brash and bold? Lead with conscientiousness and care, or push the envelope unabashedly for the new and innovative? Whatever your […]
By Louisa Rochford Apple Inc. reached a valuation of one trillion dollars in August of this year, the first of this phenomenon in history. At the time, the company was in tight competition with Amazon, both vying for this historic milestone—and it’s clear who won the race. However, while only briefly, Amazon reached trillion-dollar […]
A decade after the financial crisis, billionaire investor Warren Buffett explains what was behind the 2008 mayhem, what we can do to limit the damage and opportunities missed last time.
CEO Today Online and CEO Today magazine are dedicated to providing CEOs and C-level executives with the latest corporate developments, business news and technological innovations.
