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Warren Buffett Prepares for 60th Anniversary as Berkshire Hathaway CEO

The annual shareholder meeting on May 3 will feature a 4½-hour Q&A with Buffett and his vice chairmen, offering insights into succession plans and capital allocation strategies.

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Berkshire Hathaway Chairman Warren Buffett attends the Berkshire Hathaway Inc annual shareholders' meeting in Omaha, Nebraska, U.S., May 3, 2024. REUTERS/Scott Morgan/File Photo
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A screen displays Berkshire Hathaway Inc. on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 4, 2024.  REUTERS/Brendan McDermid/File photo

Overview

  • Berkshire Hathaway, under Buffett's leadership since 1965, has grown into a $1.15 trillion conglomerate with 189 operating businesses and a robust investment portfolio.
  • In 2024, Berkshire's insurance division accounted for 48% of its $47.4 billion operating profit, while its shares rose 18% through April 2025, outpacing the S&P 500's 5% decline.
  • The company is sitting on a record $334 billion cash reserve, with investors eager for clarity on potential acquisitions or other capital deployment strategies.
  • Greg Abel, designated as Buffett's successor, will join Buffett and Ajit Jain during the May 3 Q&A session at the shareholder meeting in Omaha, Nebraska.
  • Analysts and shareholders are closely watching for updates on the leadership transition and how Berkshire plans to sustain its performance in volatile markets.