Overview

• He plans to step down at the end of 2025 after more than five decades leading Berkshire Hathaway.
• Berkshire has grown into a $1 trillion conglomerate with roughly 400,000 employees, a $300 billion stock portfolio, and subsidiaries including Geico, BNSF Railway, and Fruit of the Loom.
• Commentators say the decision reflects a desire to hand the company to successors and recognition of limits that come with age, with Charlie Munger’s 2023 death underscoring the moment.
• Buffett has pledged major philanthropy through the Giving Pledge and has donated more than $60 billion to foundations and charities.
• His legacy includes a disciplined long‑term approach—captured in maxims like being greedy when others are fearful—and crisis actions such as a $5 billion lifeline to Goldman Sachs in 2008.