The offender of Warren Buffete will be Berkshire Hathaway Vice President Greg Abel, who is currently in control of most investment handling.
Famous American billionaire, philanthropist and investor Warren Buffete has announced that by the end of this year he will leave the post of the general director of the investment company Berkshire Hathaway, led by 60 years. He said this at the company’s annual meetings at the headquarters in the city of Omaha, Reuters reported on Sunday, May 4.
According to Buffett, his successor will be the vice president of Greg Abel, who is currently in control of most investments in Berkshire Hathaway.
“I think the time has come when Greg should be the main executive director of Greg by the end of the year,” said the 94 -Year -old Buffett the day before.
At the same time, he added that he will “still stay in the company and, perhaps, will be benefiting from some cases”, but the “last word” will be behind Abel.
Buffett noted that Abel himself and most of the board of directors Berkshire did not know about his plans.
The billionaire also noted that Berkshire did not intend to sell his shares and almost all of them would be given after his death.
As Reuters recalled, Buffetan’s decision resigned through a 60-year path, in which he turned Berkshire from an unsuccessful textile company to a conglomery worth $ 1.16 trillion with a business in various American economic sectors.
According to Forbes, the state of the buffeta itself is $ 168.2 billion, almost all of them are in Berkshire sharing.
Earlier, Warren Buffete revealed the details of his will, which he changed several times. Almost all money and owners will go to new funds.
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Source: korrespondent
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