Key Takeaways Warren Buffett, Berkshire Hathaway’s 95-year-old CEO, wrote his first Thanksgiving letter to shareholders on Monday.
He began the letter announcing that he donated $1.3 billion in Berkshire shares to four family foundations.
Buffett plans to make the letter an annual tradition as he hands the CEO role to Berkshire executive Greg Abel on January 1.
Warren Buffett, 95, has released a Thanksgiving letter to shareholders, one he plans to make an annual tradition as he steps away from running Berkshire Hathaway and hands the CEO title to his successor, longtime Berkshire executive Greg Abel, on January 1, 2026.
Buffett, who will stay on as chair of Berkshire’s board, informed shareholders that he will no longer be writing the company’s annual report or talking for hours at the annual meeting, but he will “keep in touch” with them through the Thanksgiving letter.
Warren Buffett. Photo by Daniel Zuchnik/WireImage
He began the letter announcing that he donated $1.3 billion in Berkshire shares to four family foundations: The Susan Thompson Buffett Foundation, The Sherwood Foundation, The Howard G. Buffett Foundation and NoVo Foundation.
Each organization is run by one of Buffett’s three children (Susan, 72, Howard, 70, and Peter, 67) and has its own philanthropic focus, ranging from reproductive health to hunger.
Related: Warren Buffett Donates a Record $6 Billion to Various Foundations. Here’s How the Money Is Being Split Up.
“All three children now have the maturity, brains, energy and instincts to disburse a large fortune,” Buffett wrote, adding that he needed “to step up” his pace of lifetime gifts to their foundations “to improve the probability that they will dispose of what will essentially be my entire estate.”
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