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International Business Times
International Business Times
Business

Warren Buffett To Retire From Berkshire Hathaway By Year's End

Warren Buffett Berkshire Hathaway Berkshire Greg Abel Donald Trump the Oracle of Omaha United States
Berkshire Hathaway's Warren Buffett has said he will step down by year's end as head of the company (Credit: AFP)

Influential billionaire investor Warren Buffett said Saturday he would retire from leading his Berkshire Hathaway business group by the end of the year and that he would recommend his chosen successor Greg Abel take over.

Buffett's success, coupled with his ability to explain his thinking in clear soundbites, has made him highly influential in the business and financial communities, earning him the nickname "The Oracle of Omaha."

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