Warren Buffett, 94, stepping down as Berkshire Hathaway CEO
Summary
Warren Buffett, who is 94 years old, is planning to retire from his position as the CEO of Berkshire Hathaway at the end of this year. Greg Abel, the current Vice-Chairman, has been chosen as his successor.Key Facts
- Warren Buffett is retiring as CEO of Berkshire Hathaway at the end of this year.
- Greg Abel, currently Vice-Chairman, will be the new CEO after Buffett's retirement.
- Berkshire Hathaway was taken from a struggling textile company to a $1.16tn investment powerhouse under Buffett's leadership.
- Buffett has announced that he has no plans to sell his shares in Berkshire after retiring.
- Berkshire Hathaway owns 60+ companies and holds major stakes in other large companies like Apple and Coca Cola.
- Warren Buffett, a billionaire, has donated large sums to charity and is ranked as the world's fourth-wealthiest person.
- Buffett started earning money when he was 6 years old, bought his first shares at 11, and filed his first tax return at 13.
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