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Warren Buffett to Retire as Berkshire Hathaway CEO by Year-End, Greg Abel Named Successor

The 94-year-old investor, who transformed Berkshire into a $1.2 trillion conglomerate with unparalleled returns, confirmed his transition plan as Q1 2025 earnings reveal a 14% decline.

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Overview

  • Warren Buffett announced at Berkshire Hathaway's 2025 shareholder meeting that he will step down as CEO by the end of the year, with Greg Abel assuming leadership in early 2026.
  • Buffett's tenure since 1965 has delivered nearly 20% annualized returns, with Berkshire's stock achieving a 5,502,284% gain compared to 39,054% for the S&P 500.
  • Berkshire Hathaway reported Q1 2025 operating earnings of $9.64 billion, a 14% year-over-year decline, with Class B earnings per share falling short of forecasts at $4.47.
  • The company's share buyback program, which ran for 24 consecutive quarters until mid-2024, remains on hold for nine months due to high stock valuations.
  • Berkshire's diversified portfolio includes major stakes in insurance (GEICO), energy (Occidental Petroleum), consumer brands (Coca-Cola, Dairy Queen), and tech (Apple).