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International Business Times UK
International Business Times UK
Rohit David

End of an Era: Warren Buffett Quits at 94, Citing Age in Shock Resignation

Warren Buffett Greg Abel Warren Buffet Berkshire Berkshire Hathaway Donald Trump the Wall Street Journal
Warren Buffett quits as Berkshire CEO, citing age. Greg Abel takes over. (Credit: Photo from Action Press)

Warren Buffett, the legendary 'Oracle of Omaha,' shocked the financial world on 3 May 2025, announcing his retirement as CEO of Berkshire Hathaway at year-end, citing the irreversible effects of ageing at 94.

After transforming a failing textile mill into a £920 billion ($1.22 trillion) conglomerate over six decades, Buffett will hand the reins to Greg Abel. His departure marks the end of an era, but can Abel sustain Buffett's legacy, and what's next for Berkshire?

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