Meet Warren Buffett’s son Howard, a former sheriff, war photographer, and now, Berkshire’s new chairman
Article excerpt
When Warren Buffett stepped down as chairman of Berkshire Hathaway on Friday, the job passed to his 71-year-old son who has spent most of his life doing things that look nothing like his father’s. Howard Graham Buffett farmed thousands of acres, carried a badge as an elected sheriff, photographed war zones and endangered species across more than 100 countries, and runs a foundation with over $1 billion committed to conflict-affected regions like Sudan and the Democratic Republic of Congo. He’s received the highest honor for foreign citizens from the governments of Mexico, Colombia and Rwanda, all for his foundation’s work in each country. And now, he’s chairing a trillion-dollar conglomerate. Howard’s been a Berkshire director for 33 years, since 1993. According to his dad Warren’s retirement letter, that’s longer than the “apprenticeship” he himself served before becoming Berkshire’s CEO at 34. But Howard’s own career has run almost entirely outside finance. He operates a 1,500-acre family farm in Pana, Illinois, plus foundation-run research farms spanning more than 1,500 acres in Arizona and over 9,200 acres in South Africa. He’s also a vocal advocate for no-till conservation agriculture. He’s held elected office twice: as a Douglas County, Nebraska commissioner from 1989 to 1992, and, more unusually, as Sheriff of Macon County, Illinois, from September 2017 to November...
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Rather, Abel has already shown he’ll move fast, already deploying $10 billion into Alphabet and paying $6.8 billion to acquire homebuilder Taylor Morrison within his first year (for a total enterprise value of $8.5 billion).
