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Buffett to Step Down as CEO of Berkshire by the End of 2025
Warren Buffett will step down as head of Berkshire Hathaway at the end of this year. His company is valued at $1.16 trillion, while Buffett remains its largest shareholder and investor.
American billionaire and investor Warren Buffett has announced that he will step down as CEO of Berkshire Hathaway by the end of 2025. This decision marks the end of more than half a century of leadership, during which Buffett transformed Berkshire from a struggling textile business into one of the world’s largest investment conglomerates. According to Bloomberg, Buffett’s exit from operational management will occur at the close of the financial year, after which he will focus on strategic shareholder engagement.
As of the announcement, Berkshire Hathaway's market capitalization stands at approximately $1.16 trillion, making it one of the most valuable companies in the world. Buffett remains the largest shareholder, holding over 30% of the voting shares. In 2024, his fortune was estimated at $130 billion, allowing him to remain one of the wealthiest individuals on the planet.
The company’s leadership has confirmed that Buffett’s successor as CEO will be Greg Abel, Vice Chairman of Berkshire Hathaway overseeing non-insurance business operations. Abel has long been considered the primary candidate for the key role and has been actively involved in the company’s strategic management for years. Observers believe his appointment will ensure continuity and stability in governance.
Since Buffett joined the company in 1965, Berkshire Hathaway’s stock value has increased by more than 3.6 million percent. His investment philosophy centered on acquiring undervalued assets, taking a long-term view, and minimizing interference in the day-to-day operations of acquired businesses. Under his leadership, Berkshire gained controlling stakes in dozens of well-known brands, including Coca-Cola, American Express, Bank of America, Apple, and others.
In recent years, Buffett has been deeply engaged in philanthropy. He has already donated a significant portion of his wealth to the Bill and Melinda Gates Foundation as well as to several other charitable organizations. Buffett is also a co-founder of the Giving Pledge initiative, through which billionaires commit to giving away the majority of their wealth to charitable causes.
Following his departure as CEO, Buffett is expected to retain his seat on the company’s board of directors, continuing to influence long-term strategic decisions and investment policy. His successor, Greg Abel, will assume primary responsibility for day-to-day management and the implementation of current business strategies.
Financial analysts and investors have responded positively to the news of the upcoming leadership transition. In their view, the company has prepared for the handover and the process will be as transparent and orderly as possible. Nevertheless, in the short term, Buffett’s departure may affect market perception of Berkshire, especially among investors who view Buffett as a symbol of stability and reliability.
Company representatives have stated that no structural changes are planned, and Berkshire will continue to operate under its current holding model, integrating insurance, energy, industrial, and financial assets. Investors hope that under Greg Abel’s leadership, the company will maintain its pragmatic investment approach and the strategic vision laid out by Buffett.
Thus, the end of 2025 will mark a significant milestone not only for Berkshire Hathaway but for the global investment industry as a whole. Warren Buffett’s departure as CEO symbolizes the end of an era in global business history, yet his influence on the company and the financial world is expected to endure for many years to come.
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