Legendary Investor Warren Buffett Is Set To Retire

• 4.05.2025, 8:22

The billionaire has named a date.

Berkshire Hathaway's 94-year-old group chief Warren Buffett announced at the annual shareholders' meeting that he intends to step down as CEO by the end of the year, writes the BBC.

Buffett recommended that shareholders appoint his deputy Greg Abele to take his place, to whom the investor, according to him, did not say anything about his decision in advance.

Buffett said he had no intention of selling his stake in the conglomerate.

Forbes estimates Buffett's fortune at $168 billion. In 60 years at the helm of Berkshire Hathaway, he has a proven track record of picking stocks to invest in.

Buffett has made several criticisms of President Donald Trump's economic policies, most notably the tariff war he has launched. "Trade should not be a weapon. I don't think it's right and I don't think it's wise," the New York Times quoted the investor as saying.