Friday
November 20
2015

Buffett’s Grandson Seeks Own Investment Route: Social Change

At 32, Howard Warren Buffett, the grandson of the Berkshire Hathaway founder Warren E. Buffett, has already enjoyed a diverse career.

He teaches at Columbia University, runs a farm in Nebraska, previously oversaw his family’s foundation and worked on economic redevelopment efforts in Afghanistan for the Defense Department.

So far, however, he has steered clear of the private sector investing that made his family’s famous name and enormous fortune.

Now, that is changing. Mr. Buffett has co-founded a permanently capitalized operating company with big ambitions – essentially mimicking the structure of Berkshire Hathaway, the $328 billion conglomerate that owns everything from railways to candy makers.

Although his grandfather has traditionally acquired stalwart companies with timeless appeal, Mr. Buffett is taking a decidedly more forward-looking approach. The plan is for the new company, called i(x) Investments, to invest in early-stage and undervalued companies that are working on issues such as clean energy, sustainable agriculture and water scarcity.

Source: The New York Times (link opens in a new window)

Categories
Impact Assessment, Investing
Tags
impact investing, social impact