Berkshire Hathaway Inc. News Release
Mr. Buffett’s ownership of Berkshire now consists of 207,963 A shares and 2,586 B shares.
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Mr. Buffett’s comments follow:
“The mathematics of the lifetime commitments to the five foundations are interesting. The schedule for annual grants was made on June 26, 2006, and has since been supplemented by significant grants to four of the five recipients. When originally made, I owned 474,998 Berkshire A shares worth about
During the following 18 years, I have neither bought nor sold any A or B shares nor do I intend to do so. The five foundations have received Berkshire B shares with a value when received of about
Nothing extraordinary has occurred at Berkshire; a very long runway, simple but generally sound capital deployment, the American tailwind and compounding effects produced my current wealth. My will provides that more than
The lifetime commitments expire upon my death or at an earlier time if certain conditions set forth in the 2006 letter occur. All of these conditions continue to be met.
My November 21, 2023 letter set forth procedures of my will that are unlikely to be changed before my death. My then-current will becomes public upon my death.”
About Berkshire
Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.
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Marc D.
402-346-1400
Source: Berkshire Hathaway Inc.