Warren Buffett retirement as CEO of Berkshire Hathaway at the end of 2025 | Business and Economics News

Oracle of omaha amazes the shareholders, but pledges to maintain investments in the group and says he will continue to “hang out.”

The billionaire investor, Warren Buffett, announced that he will retire from his leadership Berkshire Hathaway Business group at the end of the year.

Puffette told the group’s annual shareholders meeting on Saturday that he would be recessed as an executive president at the end of 2025, when he handed over the assumption to Vice President Greg Abel, already known to be a successor to him.

“I still stick to and can be useful in a few cases, but the last word is what Greg said in the operations, in spreading the capital, whatever the matter,” Buffett said at the meeting in Omaha, Nebraska.

He added that the board of directors will be “unanimously in favor of” its recommendation.

About an hour later, ABEL went out to oversee an official working meeting at Berkshire without Buffett. He said: “I just want to say that I cannot be more modest and I am honored to be part of Berkshire and we are moving forward.”

Abel, 62, who has been the Vice -President of the Group since 2018, who managed insurance operations, behind Buffett expected as an executive president in 2021, but it was always supposed to not take over the duties of Buffett.

Previously, 94 -year -old Pavite, known as “Oracle Omaha”, was due to the influence that is affected by commercial and financial circles, always maintaining that he had no pension plans.

His decision to step down in CAPS is a great tour for a period of 60 years, during which he converted Berkshire from a failed woven company into a capacity of $ 1.16 trillion with liquid assets of $ 300 billion.

The clear value of the Pavite is $ 168.2 billion, according to the Rich’s Rich List in the actual time of Forby. On Saturday, he pledged to maintain his wealth invested in the company.

“I have no intention – zero – to sell one share of Hathaway. I will eventually give it up.”

He said: “The decision to maintain every share is an economic decision because I believe that Berkshire’s prospects will be better under Greg more than my administration.”

Earlier on Saturday, Pavit warned of the terrible global consequences of President Donald Trump’s definitions, saying that “trade should not be a weapon” but “there is no doubt that trade could be a war of war.”

Buffett said that Trump’s trade policies have sparked the risk of global instability through the anger of the rest of the world.