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Lili Buffett

Warren Buffett’s Granddaughter-in-Law Lili Joins JPMorgan Wealth

JPMorgan plays to hire about 1,300 advisors in its wealth management division in the next three years.

(Bloomberg) -- Lili Buffett, the granddaughter-in-law of Warren Buffett, is one of JPMorgan Chase & Co.’s newest employees.

She started at the biggest US bank on Monday, according to a post on her Instagram account. She will be a part of the firm’s US wealth-management unit, according to a person familiar with the matter, who requested anonymity as the details aren’t public.

A JPMorgan representative declined to comment. Lili Buffett didn’t immediately reply to requests for comment.

New York-based JPMorgan identified wealth-management as one of its key growth initiatives at its investor day in May. It plans to hire about 1,300 advisers in the division over the next three years. Jennifer Piepszak, co-chief executive officer of JPMorgan’s consumer & community banking operation, said at the event that such investments will “position us to win.”

Lili Buffett, 36, married Howard W. Buffett, the grandson of the billionaire investor, in 2011. She’s a graduate of Columbia University and her LinkedIn profile also lists experience as an advisory board member for the Goalkeepers initiative, which was started by the Bill & Melinda Gates Foundation. 

Warren Buffett was a trustee of the Bill & Melinda Gates Foundation from 2006 to 2021 and has contributed more than $30 billion.

Todd Combs, who helps Buffett manage some of Berkshire Hathaway’s roughly $327 billion stock portfolio, is a member of JPMorgan’s board of directors. The two companies, along with Amazon.com Inc., created a health-care venture aimed at overhauling benefits, though it ceased operations last year.

“Can’t wait to shop for work attire for my new career at JP Morgan,” Buffett said in a Sept. 13 Instagram post.

--With assistance from Amanda L Gordon, Hannah Levitt and Max Reyes.

To contact the author of this story:
Nur Dayana Mustak in New York at nmustak@bloomberg.net

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