© Reuters. FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott
(Reuters) -Billionaire investor Warren Buffett said Berkshire Hathaway (NYSE:) has the “right CEO” to succeed him and the “right board of directors”, the company disclosed in a letter from him on Tuesday.
Buffett said, “At 93, I feel good but fully realize I am playing in extra innings,” as he said he has donated about $866 million of Berkshire stock to four family charities. He told shareholders “I feel good” as he moves nearer the sunset of his storied investing career.
The world’s fifth-richest person is gradually giving away nearly all of the fortune he built at Omaha, Nebraska-based Berkshire, which he has run since 1965.
He has since 2006 donated close to $52 billion of Berkshire stock to the family charities and the Bill & Melinda Gates Foundation, which has received more than $39 billion of stock overall.