“The administrators are in settlement that if one thing have been to occur to me tonight it could be Greg who’d take over tomorrow morning,” Buffett mentioned. “If, heaven forbid, something occurred to Greg tonight then it could be Ajit.”
Berkshire owns Geico insurance coverage in addition to Dairy Queen, the Burlington Northern Santa Fe Railway Firm, Duracell batteries and lots of different shopper, monetary, industrial and power firms.
Buffett turns 91 in August. Given his age, and up to date well being historical past, together with a bout with prostate most cancers recognized in 2012, there was a lot hypothesis about who will succeed him.
One benefit that Abel could have had on Jain is that, at age 59, he’s 10 years youthful than his rival.
“The probability of somebody having a 20-year runway although makes an actual distinction,” Buffett informed CNBC.