In an annual letter sent Saturday, billionaire investor Warren Buffet urged Berkshire Hathaway shareholders to buy a boat designed by singer Jimmy Buffett.
“I will end this letter with a sales pitch,” said Berkshire Hathaway CEO and chairman Warren Buffett, 91, in the letter, which goes over the company’s performance from 1965 through 2021. “Jimmy Buffett has designed a pontoon ‘party’ boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains.”
This event is open only to shareholders and is scheduled from noon to 5 p.m. at the CHI Health Center in Omaha, Neb. It is part of the annual Berkshire Hathaway shareholders meeting from April 29 to Sunday, May 1. Bazaar attendees will get a 10 percent discount.
“Your bargain-hunting chairman will be buying a boat for his family’s use,” said Warren Buffett, who did not reveal the price of the pontoon. “Join me.”
Although he referred to Jimmy Buffett – a 75-year-old singer and entrepreneur known for songs such as “Margaritaville” and “Cheeseburger in Paradise” along with restaurant chains – as “cousin” in the letter, the two men are not actually related, according to results from a 23andMe DNA test. They are friends, however, and refer to each other as “Uncle Warren” and “Cousin Jimmy.”
According to CNBC, Warren gave Jimmy advice on how to grow his “Margaritaville” restaurant chain.
In addition to margaritas, cheeseburgers and music, Jimmy Buffett has long been associated with boats and sailing.
“Without boats, his decades-long music career and the myriad business ventures it has birthed – from his chain of Margaritaville restaurants and hotels in two dozen locations to a Broadway musical inspired by his songbook – simply would not exist,” said Boat International in October.
Forest River, the company manufacturing the Jimmy Buffett boat, was founded in 1996 by Peter Liegl. It also manufactures recreational vehicles, cargo trailers, shuttle busses and commercial trucks.
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