While Buffet stopped short of naming his successor, company Vice Chairman Charles Munger named Jain and Abel, who heads Berkshire's energy business, while talking about possible successors to Buffett.
Nicholas Woodman, GoPro Founder, CEO and Chairman was ranked second on the list as he along with his spouse donated USD 497.5 million to Silicon Valley Community Foundation. Eight of the top 10 donations of 2014 were made by American philanthropists
Eveready Industries India gained 2.5 percent after Buffett's Berkshire Hathaway agreed to buy Procter & Gamble Co's Duracell battery unit.
One problem for any successor is that Buffett, by dint of his long stewardship of Berkshire and the outperformance he has delivered over most of the past half century, has the freedom to make mistakes or underperform the stock market in ways that could cost other CEOs their jobs.
Buffet said that we was neither wildly optimistic nor wildly pessimistic regarding the economic recovery in the US.
According China-based research firm Hurun's 2014 global rich list, Mukesh Ambani was ranked 41st in the list that was topped by Bill Gates, whose personal networth stood at a whopping USD 68 billion
In an excerpt of his annual letter to shareholders published online by Fortune on Monday, Buffett used a 1986 purchase of a farm located 50 miles north of Omaha to support his case about simple, diversified and low-cost investing.
Berkshire's Class A shares finished 2013 at USD177,900, just below their 52-week high of USD178,900 set in late July. That's up 32.70 percent from their USD134,060 close in 2012. It's the biggest annual gain since 1998 when the shares soared 52.2 percent.
Now, an even bolder prediction. Buffett's musical career will explode when he wins "The Voice" with his rendition of "My Way," accompanying himself on ukulele. His "Today" Orange Room gig was just a launching point. You can take this prediction to the Billboard bank.
Results benefited from USD 1.39 billion of gains from investments and derivatives, more than twice the USD 521 million a year earlier, but these do not factor into operating results.
In a market where stock splits have become rarer, there may be more of this to come than just the two stocks with four-digit stock prices in the Standard & Poor's 500 index - Google and Priceline.com , which hit USD 1,000 earlier this year.
Buffett called on both sides to pledge not to use the debt limit as a weapon. "There are plenty of weapons that can be used," like filibusters, he said.
Operating results topped analyst forecasts, reflecting how many of Berkshire's more than 80 businesses are benefiting from growth, however modest, in the US economy.
Buffett's BH Media Group will purchase the Roanoke Times from Landmark Media Enterprises on Friday, according to the Times and the Omaha World-Herald.
Warren Buffett has some advice for young people on how to be happy, and it has nothing to do with having billions of dollars.
JPMorgan Chase & Co is the top adviser on mergers and acquisitions so far in the first quarter, having worked on all four of the largest deals announced since January 1.
On Friday, the US Securities and Exchange Commission filed a suit against unknown traders who it said used a Goldman Sachs account in Switzerland to trade on purported inside knowledge of the transaction.
Warren Buffett told CNBC that even after teaming up with 3G Capital Management to acquire H.J. Heinz, he's still looking for another big acquisition and has the cash to pay for one.
With animal spirits on the rise, companies armed with cheap financing are fueling a new merger wave, but that's not likely to do much to heat up the stock market.
HJ Heinz announced on Thursday that it agreed to be acquired by Warren Buffett's Berkshire Hathaway and 3G Capital Management in the largest deal in the food industry's history.
In an interview to CNBC-TV18 personal finance expert, Harshvardhan Roongta of Roongta Securities shared his reading and outlook on investing in international market.
Warren Buffett made a bid to acquire New York Stock Exchange operator NYSE Euronext last November, but his offer was less than one already on the table from IntercontinentalExchange Inc , two people familiar with the matter said.
Berkshire Hathaway would still like to make a major acquisition this year but the prospects for a deal are starting to look less likely, Chief Executive Warren Buffett said on Friday.
Transparency, it's a commodity sorely lacking in most multi-national companies the world over. That's the word from Transparency International, which has studied 105 of the world's largest listed companies, including India's own Reliance Industries and ONGC, reports CNBC-TV18's Ronak Jain and Sumit Lakhotia.
Warren Buffett's Berkshire Hathaway Inc is eyeing more newspapers, according to a memo posted on Jim Romenesko's media website.