Warren Buffett, 94, stepping down as Berkshire Hathaway CEO
“It’s the end of an era.” That’s the phrase echoing across boardrooms and social media feeds this weekend as Warren Buffett, the 94-year-old billionaire investor and legendary business mind, officially announced he’s stepping down as CEO of Berkshire Hathaway. After six decades of leading one of the most successful conglomerates in history, Buffett is passing the baton—but not without leaving an unmatched legacy.
Who’s Taking Over Berkshire Hathaway?
In true Buffett fashion, the transition was clear, calm, and calculated. He named Greg Abel, the current vice chairman of Berkshire Hathaway, as his successor. “I think the time has arrived where Greg should become the chief executive of the company at year end,” Buffett shared at the company’s annual shareholder meeting in Omaha.
Quick Snippet Answer
Who is replacing Warren Buffett as CEO of Berkshire Hathaway?
Greg Abel, currently vice chairman, will become CEO at the end of the year.
A Standing Ovation Fit for a Legend
As Buffett made his announcement, a wave of emotion swept through the room. Attendees rose to their feet, delivering a standing ovation that reportedly lasted nearly 10 minutes—a fitting tribute to a man who has shaped the world of finance like no other.
Billionaire Mark Cuban captured the moment on X (formerly Twitter), while others, like Spencer Hakimian of Tolou Capital Management, called it a “curtain call for the captain.”
What Business Leaders Are Saying
Buffett’s retirement sent ripples through the business world. Leaders from Silicon Valley to Wall Street chimed in with admiration and gratitude:
- Apple CEO Tim Cook said, “There’s never been someone like Warren… It’s been one of the great privileges of my life to know him.”
- Jim Cramer, host of CNBC’s Mad Money, simply called him “Our only G.O.A.T.”
- Congressman French Hill described Buffett as a lifelong hero, having attended Berkshire’s meetings since the 1990s.
Each quote underscores not just Buffett’s influence—but his humility, wisdom, and the trust he’s built over the years.
Why Warren Buffett’s Retirement Matters
Buffett wasn’t just a CEO—he was a compass for investors, business students, and entrepreneurs around the world. His long-term mindset, value investing principles, and folksy charm helped demystify the stock market for millions.
Even in his retirement, Buffett says he’ll still “hang around” the company—so we haven’t heard the last from him just yet.
The Bottom Line
Warren Buffett stepping down marks a major milestone not just for Berkshire Hathaway, but for business history as a whole. While it’s hard to imagine the company without him at the helm, there’s comfort in knowing it’s being left in capable hands.
So here’s to the Oracle of Omaha—the only G.O.A.T.
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