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Al Jazeera
Al Jazeera
Business

Warren Buffett to retire as Berkshire Hathaway CEO at end of 2025

Warren Buffett Buffet Berkshire Berkshire Hathaway Greg Abel the Oracle of Omaha Donald Trump
Berkshire Hathaway chairman Warren Buffett announced his retirement from leading the Berkshire Hathaway business group at its annual shareholders' meeting in Omaha, Nebraska, on May 3, 2025 [Brendan McDermid/ Reuters]

Billionaire investor Warren Buffett has announced that he will retire from leading his Berkshire Hathaway business group at the end of the year.

Buffet told the group’s annual shareholder meeting on Saturday that he would step down as chief executive at the close of 2025, handing over the reins to vice chairman Greg Abel, already known to be his anointed successor.

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