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He foresees that the fund's investments will be split roughly half and half between existing buildings ("office, industrial, apartment houses") and new development.
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It is unclear how control of this huge investment will be split between 3G and Berkshire, a question given saliency by the fact that Mr Buffett, aged 84, cannot go on leading his company forever.
Mr. Buffett, who is 81, has said that his roles of chairman, chief executive and chief investment officer will be split among at least three people upon his death or departure from the company.
Mr. Buffett, who turned 81 last month, has said that his roles of chairman, chief executive and chief investment officer will be split among at least three people upon his death or departure from the company.
Mr. Buffett, 80, has said that upon his death or retirement, his roles of chairman, chief executive and chief investment officer will be split among at least three people.
The Chinese government meanwhile has yet to name the chief of its own, outsized investment fund, which will be split off from its $1 trillion-worth of foreign-exchange reserves.The predicaments facing Mr Buffett, the consummate capitalist, and the Chinese government, still avowedly communist, meet on many levels.
Ownership of the new company will be split between Sony and Dimensional Associates, the investment group that currently owns the Orchard.
The financing round, which will be split into two portions, will be led by DST Global, the investment firm headed by the Russian billionaire Yuri Milner.
Mr. Buffett has said that when he dies his job will be split into three positions: a chairman, a chief executive and a chief investment officer.
Management will be split between New York and Paris.
Mr. Day's duties will be split.
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