Berkshire Hathaway CEO, Warren Buffett, announces retirement effective at the end of 2025, shocking shareholders, yet assures continued investment in the company and promises to remain active.

Billionaire Warren Buffett Bids Farewell as Berkshire Hathaway Chief Executive

In a surprising announcement, legendary investor Warren Buffett has revealed his plans to retire as the head of Berkshire Hathaway at the end of 2025. Speaking at the company's annual shareholder meeting on Saturday, Buffett unveiled his decision to hand over the reins to his successor, Greg Abel.

Buffet expressed his intentions to step down as chief executive and remain in an advisory role, stating, "I would still hang around and could conceivably be useful in a few cases, but the final word would be what Greg said in operations, in capital deployment, whatever it might be."

Greg Abel, currently Berkshire Hathaway's vice chairman, is no stranger to the high-stakes corporate world. Born in Alberta, Canada, Abel earned a commerce degree from the University of Alberta and commenced his career at PricewaterhouseCoopers before venturing into the energy sector. He held executive roles at CalEnergy and MidAmerican Energy Holdings Company before joining Berkshire Hathaway in 2000[1].

Buffett has long been known as "The Oracle of Omaha" for his profound influence in business and financial circles. Remarkably, his tenure with Berkshire Hathaway spans an impressive 60 years, during which he transformed the company from a struggling textile firm into a $1.16 trillion conglomerate boasting liquid assets of $300 billion[2][5].

Buffett's net worth currently stands at $168.2 billion, according to Forbes magazine[1]. Despite the colossal fortune he amassed, Buffett has pledged to keep his shares within the company, stating, "I have no intention – zero – of selling one share of Berkshire Hathaway. I will give it away, eventually."

Buffett's decision signifies the dawn of a new era for Berkshire Hathaway. With Abel at the helm, investors and stakeholders await the future of the empire Buffett meticulously crafted over the decades[2][3].

Before his announcement, Buffett took a moment to address President Donald Trump's controversial tariffs, warning of dire consequences. "Trade should not be a weapon, but there's no question that trade can be an act of war," explained Buffett[6]. He stressed that Trump's trade policies had heightened global instability by inciting resentment worldwide[6].

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As Warren Buffett prepares to step down as CEO of Berkshire Hathaway in 2025, his successor, Greg Abel, will lead the company, marking a new era for the conglomerate.
Despite becoming a billionaire, Warren Buffett, famously known as "The Oracle of Omaha," has pledged to keep his shares within Berkshire Hathaway and not sell them.
In the corporate world, Greg Abel, who will take over from Warren Buffett, has a rich background, having started at PricewaterhouseCoopers, venturing into the energy sector, and joining Berkshire Hathaway in 2000.
Warren Buffet, in his address at the annual shareholder meeting, commented on the political side of business, cautioning that trade should not be used as a weapon and that President Trump's tariffs could escalate international tensions, making trade an act of war.

Berkshire Hathaway CEO, Warren Buffett, announces retirement effective at the end of 2025, shocking shareholders, yet assures continued investment in the company and promises to remain active.