95 year old Buffett delivers farewell letter: confirms handover arrangements, has donated $1.3 billion in stocks
The Thanksgiving letter released on Monday, November 10th Eastern Time, shows that the 95 year old "stock god" Buffett is making final arrangements for his resignation as CEO of Berkshire Hathaway, accelerating the transfer of his $149 billion estate to his children's foundation while retaining enough Berkshire Class A shares to help his successor Greg Abel gain shareholder confidence. In this letter to his children and shareholders, Buffett announced the donation of Berkshire Hathaway shares worth over $1.3 billion to four family foundations.