Factbox-Warren Buffett, Berkshire Hathaway at a glance

div classBodysc17zpet90 cdBBJodivpBy Jonathan Stempel and Carolina Mandlp

pOMAHA, Neb. Reuters – Warren Buffett is welcoming tens of thousands of people to Omaha, Nebraska for the first time since 2019 to attend the annual shareholder weekend for Berkshire Hathaway Inc, including the companys annual meeting on April 30.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pVice Chairman Charlie Munger will join Buffett on stage to answer five hours of shareholder questions. Two other vice chairmen, Greg Abel and Ajit Jain, will also be on hand to answer questions. The meeting will be webcast on cnbc.com.p

pFor previews of the meeting, please click on and p

pHere are some facts about Buffett and Berkshire. p

pFACTS ABOUT WARREN EDWARD BUFFETTp

pBorn: Aug. 30, 1930p

pEducation: University of NebraskaLincoln, Columbia Business Schoolp

pFamily: Buffett has been married to Astrid Menks since August 30, 2006. His first wife Susan Thompson Buffett died in 2004. They had three children: Susan, Howard and Peter. Susan Buffett and Howard Buffett are Berkshire directors. p

pNet worth: 119.6 billion on April 27, 2022, ranking sixth worldwide. Tesla Inc Chief Executive Elon Musk ranked first. Source: Forbesp

pBerkshire ownership stake: 16.2 as of March 2, 2022p

pBerkshire voting power: 32.1 as of March 2, 2022p

pHow Buffett took charge: In 1965, Buffett was a shareholder in Berkshire, then a struggling New England textile company. He planned to sell back his shares for 11.50 each, but the term sheet showed 11.375. An angered Buffett responded by buying all the shares he could, and won control of Berkshire on May 10, 1965. The textile business closed in 1985.p

pFamous Buffett quotation: “Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.” – Sept. 4, 1991 congressional testimony about Salomon Inc, where Buffett became interim chairman to restore order after a Treasury auction bidding scandal.p

pPhilanthropy: Buffett has since 2006 donated more than 41.6 billion to the Bill & Melinda Gates Foundation and four family charities. His Berkshire stock will go to philanthropy after he dies.p

pHome: Buffett has lived since 1958 in the same house on a welltrafficked Omaha street, and does much of his work there. The fivebedroom, 212bath home on 0.72 acres was assessed at 998,600 in 2022. Source: Douglas County, Nebraskap

pDiet: Likes steaks, and eats candies from Sees, which Berkshire owns. Estimates that onefourth of his caloric intake comes from CocaCola Co, a longtime Berkshire investment.p

pBuffett on staying the course in investing: “People who are comfortable with their investments will, on average, achieve better results than those who are motivated by everchanging headlines, chatter and promises.” Shareholder letter, Feb. 26, 2022p

pFACTS ABOUT BERKSHIRE HATHAWAYp

pLeadership: Warren Buffett, chairman and chief executive officer Charlie Munger, Greg Abel and Ajit Jain, vice chairmen Todd Combs and Ted Weschler, investment managers.p

p2021 net income: 89.8 billion, including 62.34 billion of investment gainsp

p2021 operating income: 27.46 billion, up 25 from 2020p

p2021 revenue: 276.09 billion, up 12 from 2020p

p2021 share repurchases: 27 billionp

pCash, equivalents and Treasury bills: 146.7 billion as of Dec. 31, 2021p

pStock price: 496,800 per Class A share as of April 27, 2022. Class B shares are worth about 11,500th as much.p

pMarket value: about 731 billion as of April 27, 2022, based on reported shares outstanding.p

pCompounded annual gain from 19652021: stock price: 20.1 S&P 500 including dividends: 10.5 pretaxp

pOverall gain from 19652021: stock price: 3,641,613 S&P 500 including dividends: 30,209 pretaxp

pFloat insurance premiums collected before claims are paid, which help fund investments: 147 billion as of Dec. 31, 2021p

pSelected businesses: Benjamin Moore, Berkshire Hathaway Automotive, Berkshire Hathaway Energy, Berkshire Hathaway Specialty Insurance, BNSF, Borsheims Fine Jewelry, Brooks, Business Wire, Clayton Homes, Duracell, Fruit of the Loom, Geico, General Re, HomeServices of America, IMC International Metalworking, International Dairy Queen, Johns Manville, Lubrizol, Marmon, McLane, National Indemnity, Nebraska Furniture Mart, NetJets, Oriental Trading, Pampered Chef, Precision Castparts, Sees Candiesp

pSelected acquisitions: Sees Candies, 25 million 1972 Geico, 2.3 billion 1996 Dairy Queen, 590 million 1998 General Re, 15.9 billion 1998 NetJets, 725 million 1998 Clayton Homes, 1.7 billion 2003 PacifiCorp, 5.1 billion 2006 Iscar, 4 billion 2006 Marmon, 4.5 billion 2008 Burlington Northern Santa Fe, 26.5 billion 2010 Lubrizol, 9 billion 2011 NV Energy, 5.6 billion 2013 H.J. Heinz, 12.1 billion majority stake, 2013 Van Tuyl now Berkshire Hathaway Automotive, 4.1 billion 2015 Precision Castparts, 32.1 billion 2016 Duracell, 2.9 billion 2016 Pilot Flying J, 2.8 billion 38.6 stake, 2017 acquiring additional 41.4 stake in 2023 Alleghany, 11.6 billion 2022, yet to close. Sources: Barclays Capital, Berkshirep

pMajor stock investments: American Express Co, Apple Inc, Bank of America Corp, CocaCola Co, Kraft Heinz Cop

pBuffett‘s “Big Four” accounting for much of Berkshire’s value: 1 insurance operations 2 5.6 stake in Apple 3 BNSF railroad 4 91.1 stake in Berkshire Hathaway Energy. Shareholder letter, Feb. 26, 2022p

pBuffett on Berkshires “limited” opportunities for stock buybacks: “Charlie and I far prefer the owners we have, even though their admirable buyandkeep attitudes limit the extent to which longterm shareholders can profit from opportunistic repurchases.” Shareholder letter, Feb. 26, 2022p

pEmployees: 371,653p

pEmployees in main office: 26, including Buffettp

pSuccession: Buffett, 91, and Munger, 98, have not publicly signaled any plans to retire. Berkshire‘s board has designated Abel to become CEO when Buffett retires, cannot continue or dies. Abel, 59, and Jain, 70, have since 2018 had daytoday oversight of Berkshire’s noninsurance and insurance units, respectively. Buffett and Munger handle major capital allocation decisions and investments.p

pOther possible successors: Combs and Weschler may succeed Buffett as chief investment officer. Combs also has been Geico‘s chief executive since 2020. Buffett’s eldest son, Howard, is expected to become Berkshires nonexecutive chairman.p

pAnnual meeting attendance: 12 1965, about 24 1979, 1,000 1986, 4,100 1995, 13,000 2000, 21,000 2005, 42,000 2015, Buffetts 50th anniversary running Berkshire. Sources: Omaha WorldHerald, Berkshire, Reutersp

pBuffett on life and the future: Charlie and I have been ungodly lucky in many ways. But the luckiest thing was actually being around at this time and place. And we also have these problems in how 200 countries with over sevenandahalf billion people, and a lot of tensions between them. [H]ow do we actually do this so that mankind, 50 and 100 and 200 years from now, should enjoy the incredibly better life that could be enjoyed while not screwing it up？ Interview with CNBC, May 2021

Reporting by Jonathan Stempel and Carolina Mandl in Omaha, Nebraska editing by Diane Craft

didivdiv classBodysc17zpet90 cdBBJodivdivdiv