当地时间2025年12月31日，央视记者获悉，著名投资人沃伦·巴菲特正式退休，从知名投资机构伯克希 尔-哈撒韦公司的首席执行官岗位上卸任。 沃伦·巴菲特现年95岁，常年担任知名投资公司伯克希尔-哈撒韦公司的首席执行官。在2025年11月，其 宣布将在年底辞去相关职务，但会继续担任董事会主席，并保留"相当数量"的股份。 相关报道： 美东时间11月10日周一公布的感恩节公开信显示，95岁高龄的"股神"巴菲特在为他卸任伯克希尔-哈撒 韦公司CEO做最后的安排，将加速向子女基金会转移其1490亿美元遗产，同时保留足够的伯克希尔A类 股份，帮助接班人Greg Abel赢得股东信心。 在这封致子女和股东的信中，巴菲特宣布向四家家族基金会捐赠价值超过13亿美元的伯克希尔股份，介 绍了他个人财富的分配计划。巴菲特要将他持有的1800股伯克希尔A类股转换为270万股B类股，其中 150万股捐赠给以亡妻命名的Susan Thompson Buffett基金会，其余各40万股分别捐赠给三个子女的基金 会——Sherwood基金会、Howard G.Buffett基金会和NoVo基金会。 此次感恩节信是巴菲特今年5月股东大会上宣布将 ...

Core Insights - Warren Buffett, the 95-year-old investment mogul, is preparing to step down as CEO of Berkshire Hathaway and has outlined his estate distribution plan in a Thanksgiving letter [1][3] - Buffett plans to accelerate the transfer of a total of $149 billion to family foundations during the Thanksgiving period, while retaining sufficient Berkshire A shares to ensure his successor, Greg Abel, gains shareholder trust [1] Summary by Sections - **Estate Distribution Plan** - Buffett will donate over $1.3 billion worth of Berkshire shares to four family foundations [3] - Specifically, he plans to distribute 1,800 shares of Berkshire A stock and 2.7 million shares of B stock [3] - 1.5 million shares will be donated to the Susan Thompson Buffett Foundation, while 400,000 shares each will go to the Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation [3] - **Personal Reflections** - Buffett expressed gratitude for reaching 95 years of age, reflecting on his family's longevity record and his appreciation for life [3]

Core Insights - Warren Buffett, at 95 years old, is making arrangements for his succession as CEO of Berkshire Hathaway, planning to transfer his $149 billion estate to family foundations while retaining enough Class A shares to support successor Greg Abel's credibility with shareholders [1][3] - Buffett announced a donation of over $1.3 billion in Berkshire shares to four family foundations, converting 1,800 Class A shares into 2.7 million Class B shares, with significant allocations to the Susan Thompson Buffett Foundation and his children's foundations [1][3] - Abel, aged 63, will take over as CEO in early next year, while Buffett will remain as chairman and continue the tradition of Thanksgiving letters to shareholders, although he will not write the annual report or speak at the annual meeting [3] Financial Performance - Berkshire's core business remains strong, with a 34% year-over-year increase in operating profit for the third quarter, and the company holds a record $381.7 billion in cash as of September 30, reflecting its robust balance sheet and cautious investment strategy [3] - The company has net sold stocks for 12 consecutive quarters, indicating Buffett's cautious approach in a high-valuation market [3] Business Outlook - Buffett acknowledges that Berkshire's large scale presents both advantages and limitations, suggesting that while the company's business outlook is slightly better than average, many companies may outperform Berkshire in the next one to two decades due to its size [4]

Core Viewpoint - Warren Buffett, at the age of 95, is accelerating the transfer of his $149 billion estate to his three children’s foundations while retaining sufficient Berkshire Hathaway Class A shares to support his successor, Greg Abel, in gaining shareholder confidence [1] Group 1 - Buffett announced the donation of over $1.3 billion worth of Berkshire shares to four family foundations [1] - He plans to convert his 1,800 shares of Berkshire Class A stock into 2.7 million shares of Class B stock [1] - The distribution includes a donation of 1.5 million shares to the Susan Thompson Buffett Foundation, with 400,000 shares each going to the Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation [1]

Core Insights - Warren Buffett, at 95, is making arrangements for his succession as CEO of Berkshire Hathaway, transferring $149 billion of his estate to family foundations while retaining enough shares to support his successor, Greg Abel [3][4] - Buffett's Thanksgiving letter reveals his plan to donate over $1.3 billion in Berkshire shares to family foundations, including 1.5 million shares to the Susan Thompson Buffett Foundation [3][4] - Berkshire's third-quarter operating profit surged by 34% year-on-year, with a record cash holding of $381.7 billion, indicating a strong balance sheet and cautious investment strategy [4] Succession Planning - Greg Abel will take over as CEO in early 2024, while Buffett will remain as chairman and continue the tradition of the Thanksgiving letter but will not write the annual report or speak at the annual meeting [4][5] - Buffett expressed confidence in Abel's capabilities, stating he is well-suited to manage the company and its shareholder funds [18][19] Financial Performance - Berkshire Hathaway's robust performance is highlighted by a significant increase in operating profit and a record cash reserve, reflecting a prudent investment approach amid high market valuations [4][20] - The company has been net sellers of stocks for 12 consecutive quarters, showcasing Buffett's cautious stance in the current market environment [4] Personal Reflections - Buffett reflects on his life, expressing gratitude for his longevity and the influence of his hometown, Omaha, on his success [7][14] - He emphasizes the importance of kindness and good deeds over wealth and fame, advocating for a legacy of positive impact [22][24]

Core Insights - Warren Buffett, at 95 years old, is making final arrangements for his retirement as CEO of Berkshire Hathaway, transferring $149 billion of his estate to family foundations while retaining enough Class A shares to support successor Greg Abel's credibility with shareholders [1][3] - Buffett's Thanksgiving letter marks his first significant statement since announcing his retirement in May, indicating the end of his 60-year management era at Berkshire [3][5] - Berkshire's third-quarter earnings report shows a 34% year-over-year increase in operating profit, with a record cash holding of $381.7 billion, reflecting a cautious investment strategy [3][16] Wealth Distribution Plan - Buffett plans to convert his 1,800 Class A shares into 2.7 million Class B shares, donating over $1.3 billion worth of shares to family foundations, including 1.5 million shares to the Susan Thompson Buffett Foundation and 400,000 shares each to three children's foundations [1][3] - The accelerated charitable donations are intended to ensure that his children can manage the estate while they are still healthy and capable [14][15] Leadership Transition - Greg Abel, aged 63, will take over as CEO at the beginning of next year, while Buffett will remain as chairman and continue the tradition of writing the Thanksgiving letter [3][5] - Buffett expresses confidence in Abel's ability to manage the company and its shareholder funds, stating that no other CEO would be better suited for the role [16][17] Company Outlook - Buffett acknowledges that Berkshire's large scale presents both advantages and limitations, predicting that many companies will outperform Berkshire in the coming decades [3][16] - Despite the potential for stock price fluctuations, Buffett reassures shareholders that the company will rebound, emphasizing the strength and stability of Berkshire's future [18]

Core Viewpoint - Warren Buffett has made significant charitable donations by converting 1,800 shares of Class A stock into 2.7 million shares of Class B stock, valued at over $1.3 billion, to be distributed among four family foundations [1]. Group 1: Charitable Donations - The donations include 1.5 million shares to the Susan Thompson Buffett Foundation and 400,000 shares each to the Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation [1]. Group 2: Leadership Transition - Greg Abel will take over as CEO at the end of the year, and Buffett expresses confidence in his capabilities as a manager and communicator [2][3][21]. Group 3: Personal Reflections - Buffett reflects on his life, expressing gratitude for his longevity and the influence of his hometown, Omaha, on his life and career [4][14][18]. Group 4: Future Outlook - The company is expected to grow larger and more robust under Abel's leadership, although stock prices may experience significant fluctuations [23].

Core Viewpoint - The ongoing legal dispute regarding the offshore assets worth $1.8 billion left by the late founder of Wahaha Group, Zong Qinghou, continues in Hong Kong, with appeals filed by his daughter, Zong Fuli, against previous court rulings [1][2]. Group 1: Legal Proceedings - The hearing on September 26 focused on the appeal filed by Zong Fuli and Jian Hao following the court's ruling on August 1, which included five grounds for appeal related to the applicability of Hong Kong's High Court Ordinance [1]. - The court rejected Zong Fuli's appeal regarding the injunction and disclosure orders made on August 1 but allowed a stay on the disclosure order, meaning the defendants do not have to disclose the latest balance and asset flow of their HSBC account until the appeal is resolved [1][2]. - The three plaintiffs, who claim to be children of Du Jianying, are seeking to confirm their beneficial rights to the assets in Jian Hao Ventures Limited's HSBC account, which is estimated to hold approximately $1.8 billion as of May 31, 2024 [2][3]. Group 2: Asset Details - Jian Hao Ventures Limited, registered in the British Virgin Islands, was solely directed by Zong Qinghou before his death, and Zong Fuli has since taken over [2]. - The assets in the HSBC account primarily consist of bonds, fixed-income assets, and cash, which the plaintiffs assert were promised to them by Zong Qinghou [2][3]. - The plaintiffs are also requesting that Zong Fuli fulfill fiduciary duties regarding the trust assets and pay interest based on a principal of $2.1 billion, along with compensation for losses amounting to approximately $1.085 million [3].

Group 1 - The Hong Kong High Court is hearing a case regarding the offshore assets of Wahaha Group founder Zong Qinghou, valued at approximately $1.8 billion (around 12.8 billion RMB) [1][5] - The court rejected the appeal from the defendant, Zong Fuli, and her associated company JIANHAO Investment Limited, but allowed a temporary suspension of the disclosure order pending a new appeal to the appellate court [1][4] - The plaintiffs in the case are Zong Jichang, Zong Jieli, and Zong Jisheng, who are seeking to confirm their trust rights over the assets controlled by the defendant [3][7] Group 2 - The assets frozen by the Hong Kong High Court are believed to be related to a proposed offshore trust set up by Zong Qinghou, and the freezing order will remain until the final ruling from the Hangzhou Intermediate People's Court and Zhejiang High People's Court [5][7] - Following Zong Qinghou's death in February 2024, disputes over the distribution of his estate, particularly the offshore assets, have arisen within the family [6][7] - Concurrently, a separate case is being heard in Hangzhou regarding a 24.6% stake in Wahaha held by the employee stock ownership plan, with former employees contesting a buyback agreement signed in 2018 [7]

Core Viewpoint - The Hong Kong High Court has ruled against the appeal of Zong Fuli and her associated company, JIANHAO Investment Co., regarding the offshore assets worth approximately $1.8 billion left by the late Zong Qinghou, founder of Wahaha Group, while allowing a temporary suspension of the disclosure order pending further appeals [1][4]. Group 1 - The court dismissed the appeal filed by the defendants on August 15, 2025, which challenged the freezing of their assets in HSBC accounts based on the High Court Ordinance [2][4]. - The plaintiffs in this case are Zong Jichang, Zong Jieli, and Zong Jisheng, who are seeking to confirm their trust rights over the assets controlled by the defendants [3][7]. - The court's ruling indicates that the defendants failed to demonstrate any legal errors or procedural unfairness in the original judgment, thus the appeal was rejected [4][6]. Group 2 - The assets frozen by the Hong Kong court are believed to be related to a proposed offshore trust set up by Zong Qinghou, amounting to $1.8 billion [7]. - Following Zong Qinghou's death in February 2024, disputes over the distribution of his estate, particularly the offshore assets, have arisen within the family [7]. - Concurrently, a separate case is being heard in Hangzhou regarding a 24.6% stake held by the Wahaha Employee Stock Ownership Association, with former employees contesting a buyback agreement signed in 2018 [7][8].