Overview

• Warren Buffett, after 60 years at the helm of Berkshire Hathaway, confirmed he will step down as CEO by the end of 2025, handing leadership to Greg Abel.
• Buffett will continue to serve as a major shareholder and board chairman, offering guidance during significant investments and challenging periods.
• Berkshire Hathaway celebrates its 60th anniversary in 2025, reaching a record valuation of $1.3 trillion under Buffett and Charlie Munger's leadership.
• Buffett has pledged to donate 99% of his $160 billion fortune to charitable foundations, including $55 billion already given to the Bill and Melinda Gates Foundation.
• Greg Abel, a long-time Berkshire executive, will inherit operational leadership, with attention focused on his approach to the company’s $350 billion cash reserves.