Summary
Warren Buffett is stepping down as chair of Berkshire Hathaway after more than 50 years and will become chair emeritus. His son, Howard Buffett, will take over as chair, while Greg Abel remains CEO of the company.Key Facts
- Warren Buffett served as Berkshire Hathaway’s chair from 1970 until now.
- He will become chair emeritus immediately, a newly created honorary role.
- Howard Buffett, Warren’s son, will become the new chair of Berkshire Hathaway.
- Howard Buffett has been on the company’s board since 1993.
- Greg Abel became CEO of Berkshire Hathaway earlier this year.
- Buffett remains a director and influential investor.
- Berkshire Hathaway has nearly doubled the returns of the S&P 500 during Buffett’s leadership.
- Warren Buffett’s personal fortune comes mainly from Berkshire Hathaway stock and was valued at over $140 billion in July 2026.
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