Buffett’s Berkshire Hit With $3.8 Billion Kraft Heinz Charge

Warren Buffett’s Berkshire Hathaway Inc. took a $3.8 billion impairment on its Kraft Heinz Co. stake, the latest hit to a bet that’s weighed on the billionaire investor’s company in recent years.

On Saturday, Berkshire marked down the carrying value of its Kraft Heinz investment to $8.4 billion, down from more than $17 billion at the end of 2017. It’s a rare disappointment for Buffett, 94, who was an instrumental force in the merger of both Kraft and Heinz about a decade ago.