From Yahoo Finance: 2025-05-03 16:46:00

Warren Buffett, the billionaire chairman of Berkshire Hathaway, announced he will step down as CEO at the end of 2025, passing the reins to Greg Abel. Despite the shift, Buffett, known as the “Oracle of Omaha,” plans to remain involved in the company he’s led for six decades. His net worth of over $160 billion stems from savvy investments in companies like Apple, American Express, and Bank of America, which make up nearly half of Berkshire’s $283 billion in equities. Buffett’s philanthropic efforts, including The Giving Pledge, demonstrate his commitment to charity and his modest lifestyle.



Read more at Yahoo Finance: Who is Warren Buffett? What to know about the billionaire, exiting Berkshire Hathaway CEO