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The Independent UK
The Independent UK
National
Josh Funk

With the legendary Warren Buffett stepping back, Berkshire Hathaway enters a new era

Buffett Berkshire Greg Abel Berkshire Hathaway Todd Combs Cathy Seifert Chris Ballard Geico
Berkshire Hathaway Leadership - (Copyright 2025 The Associated Press. All rights reserved.)

Greg Abel faces the challenge of taking over Berkshire Hathaway from the legendary Warren Buffettthis week.

Many regard Buffett as the world's greatest investor after he grew Berkshire from a struggling New England textile mill that he starting buying up for $7.60 a share in 1962, to the massive conglomerate it is today with shares that go for more than $750,000 a pop. Buffett's personal fortune of Berkshire stock is worth roughly $150 billion even after giving more than $60 billion away over the past 20 years.

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