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Warren Buffetts wife killed by stroke
Old 07-29-2004, 03:49 PM   #1
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Warren Buffetts wife killed by stroke

NEW YORK (Reuters) - Susan Buffett, the wife of Berkshire Hathaway Inc. chairman and billionaire investor Warren Buffett (news - web sites), died of a stroke while the two were visiting friends in Cody, Wyoming, the company said on Thursday.

Susan Buffett, 72, has been a director of Berkshire since 1991 and owned about $3 billion worth of the company's stock, or 2.2 percent of the company, while her husband owns 31 percent, according to the company's most recent proxy filing.

She also stood to inherit Warren Buffett's fortune upon his death, a sum estimated by Forbes at $42.9 billion.

The company would not say what would happen to her interest in Berkshire. But Warren Buffett has said that if he outlived her, all of their stock would go to a family foundation upon his death.

The Buffetts were married in 1952. In 1977 Susan Buffett moved from their Omaha, Nebraska hometown to San Francisco to pursue her music career. While the two have been separated ever since, they were never divorced and have remained close. They traveled together and she attended Berkshire's annual meeting in Omaha each year.

"I think she was critical to him," said Andrew Kilpatrick, author of a biography on Warren Buffett. "They were incredibly close and you could tell that at the meetings because he would be with her and enjoyed her company... Whatever she was asking about or wanted he dropped whatever he was doing immediately."

Kilpatrick, who is also a Berkshire shareholder, throws a party the weekend of the annual meeting each year and Susan attended a few times. When she couldn't, he said she left a gracious message of regret.

"She was just the most empathetic and charming person you could imagine," he said. "When you met her she was totally open-faced and interested in you.

Susan Buffett was actively involved in charities and causes such as civil rights, abortion rights and population control. Her stake in Berkshire placed her at 153rd on the Forbes list of the world's richest people. Warren is second on the list.

Last year, she was diagnosed with mouth cancer and had to have a tumor removed and undergo radiation treatment. There was no indication whether the fatal stroke she suffered was in any way related.

The Buffetts had three children together: Susie, Peter and Howard. Howard Buffett is on the Berkshire board of directors and runs a photography and publishing company, and Peter is a musician.

None of them are in line to inherit Warren Buffett's fortune, because the billionaire has always believed that the expectation of a large inheritance could spoil them.

Class A shares of Berkshire were up $450, or 0.5 percent, at $87,400 in trading on the New York Stock Exchange (news - web sites) on Thursday. The price is abnormally high because the company has a relatively small number of outstanding shares.


Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Warren Buffetts wife killed by stroke
Old 07-29-2004, 04:17 PM   #2
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Re: Warren Buffetts wife killed by stroke

If Warren wants to give me the money (instead of his kids) I will take it. No longer any worries about "spoiling" me. The damage is already done.

John Galt
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Re: Warren Buffetts wife killed by stroke
Old 07-29-2004, 04:27 PM   #3
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Re: Warren Buffetts wife killed by stroke

Again my point. - We all plan for death in the mid 90's reality is usually much different.

A women dead at 72 - With money to afford the best health care.

Yes, folks do live until their 90's, but remember these are the in the minority.

The message: Do things today you may not get tomorrow!
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Re: Warren Buffetts wife killed by stroke
Old 07-29-2004, 05:51 PM   #4
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Re: Warren Buffetts wife killed by stroke

Good point.
I'm on track to retire in May of next year.

Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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