TOKYO (Reuters) - Berkshire Hathaway Inc, run by billionaire Warren Buffett, has raised its stakes in each of Japan's five biggest trading houses by more than 1 percentage point to over 6%, according to its regulatory filings.
Berkshire's stakes have increased to 6.59% from 5.04% in Mitsubishi Corp, to 6.62% from 5.03% in Mitsui & Co Ltd, to 6.21% from 5.02% in Itochu Corp, to 6.75% from 5.06% in Marubeni Corp and to 6.57% from 5.04% in Sumitomo Corp.
Berkshire said in 2020 that its investments in the Japanese trading houses are for the long term and the stakes could rise to 9.9%.
(Reporting by Makiko Yamazaki; Editing by Jamie Freed)
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| 604,144 USD | +0.64% | -2.03% | 860B | ||
| 3,693 JPY | -1.70% | -3.15% | 29.41B | ||
| 2,590 JPY | -2.13% | -3.19% | 28.31B | ||
| 7,109 JPY | -0.77% | -4.19% | 68.36B | ||
| 3,442 JPY | -0.72% | -4.89% | 91.19B | ||
Warren Edward Buffett is an American businessperson who has been at the head of 6 different companies. Presently, Mr. Buffett occupies the position of Chairman & Chief Executive Officer of Berkshire Hathaway, Inc. and Chairman & Chief Executive Officer for Berkshire Hathaway Life Insurance Company of Nebraska, Chairman & Chief Executive Officer for General Reinsurance AG, Chairman & Chief Executive Officer for Berkshire Hathaway Assurance Corp., Chief Executive Officer at Berkshire Hathaway, Inc. (Investment Management) and Manager of Burlington Northern Santa Fe LLC (which are all subsidiaries of Berkshire Hathaway, Inc.). Mr. Buffett is also Trustee at Bill & Melinda Gates Foundation Trust, Principal at West End Capital Management (Bermuda) Ltd. and Member of American Academy of Arts & Sciences and on the board of 5 other companies. Mr. Buffett previously was Chairman of Justin Brands, Inc. Mr. Buffett received an undergraduate degree from the University of Nebraska and a graduate degree from The Trustees of Columbia University in The City of New York.
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| BERKSHIRE HATHAWAY INC. | Chief Executive Officer |
Berkshire Hathaway Life Insurance Company of Nebraska
 Berkshire Hathaway Life Insurance Company of Nebraska Life/Health InsuranceFinance Berkshire Hathaway Life Insurance Co. of Nebraska provides life insurance services. It provides retirement planning products and personal quotes through its web site. The firm also offers excess personal umbrella insurance through a property and casualty affiliate. The company is headquartered in Omaha, NE. | Chief Executive Officer |
