Money | Warren Buffett Buffett Covets Euro Family Businesses Billionaire investor scouts targets for $40B in cash By Jim O'Neill Posted Apr 23, 2008 9:44 AM CDT Copied Warren Buffett, chairman of Berkshire Hathaway, is seen following a news conference in Omaha, Neb. in this May 6, 2007 file photo. (AP Photo/Nati Harnik, file) Warren Buffett is looking to put some of Berkshire Hathaway’s $40 billion in cash to work outside the US, targeting family-owned European businesses for acquisition, reports Bloomberg. Buffett—who Forbes magazine says is the world’s richest person--is going on a scouting tour next month to four European cities. "Buffett was underrepresented in Europe, so he needed to develop his own profile,'' explains the man who'll be introducing him to owners. "We're carefully choosing who he's going to meet with. They may not be ready to sell now, but they may be ready in five years.'' Buffett usually leaves entrepreneurs in charge of their companies after he buys them, he notes, which may appeal to Europe's business dynasties. Read These Next Republican Van Epps wins special House election in Tennessee. Trump administration is threatening SNAP food aid program. In Britain, rumors swirl that Ellen DeGeneres is going back to the US. Putin is in a fighting mood ahead of peace talks. Report an error