From CNBC: 2025-05-14 16:10:00

Warren Buffett, 94, announces he will step down as Berkshire Hathaway CEO after 60 years due to physical effects of aging. Despite aging, Buffett remains mentally sharp for investment decisions. Greg Abel to become CEO in 2026, with Buffett staying on as chairman. Berkshire’s market cap nears $1.2 trillion.

Buffett reveals he started feeling old at 90, experiencing balance issues, memory loss, and vision problems. Berkshire transformed from failing textile mill to conglomerate under his leadership. Buffett plans to continue making investment decisions during market turmoil. Board votes Greg Abel to be CEO in 2026.

Read more: Warren Buffett tells WSJ he stepped aside as CEO after finally feeling old