Warren Buffett Net Worth Revealed: Billionaire Shocks Shareholders by Announcing Plans to Retire at End of 2025
Warren Buffett is retiring.
The 94-year-old billionaire, who currently commands a net worth of over $168 billion according to Forbes, announced he plans to retire at the end of 2025, shocking shareholders on Sunday (May 4).
The Berkshire Hathaway CEO announced he will be stepping down from his position after a six decade run, making him the most influential investor in the world, via AP.
He said he will recommend Vice Chairman Greg Abel to replace him, per the report.
“I think the time has arrived where Greg should become the chief executive officer of the company at year end,” he said.
Greg already manages all of Berkshire’s noninsurance businesses, but it was previously assumed he would not take over until Warren‘s passing, as he insisted he had no plans to retire.
He said the only board members who knew this was coming were his two children, Howard and Susie Buffett.
The 94-year-old billionaire, who currently commands a net worth of over $168 billion according to Forbes, announced he plans to retire at the end of 2025, shocking shareholders on Sunday (May 4).
The Berkshire Hathaway CEO announced he will be stepping down from his position after a six decade run, making him the most influential investor in the world, via AP.
He said he will recommend Vice Chairman Greg Abel to replace him, per the report.
“I think the time has arrived where Greg should become the chief executive officer of the company at year end,” he said.
Greg already manages all of Berkshire’s noninsurance businesses, but it was previously assumed he would not take over until Warren‘s passing, as he insisted he had no plans to retire.
He said the only board members who knew this was coming were his two children, Howard and Susie Buffett.
- 5/4/2025
- by Just Jared
- Just Jared
Similar News
Crew Union Calls for the Reinstatement of U.S. Copyright Office Head
- 5/14/2025
- by Katie Kilkenny
- The Hollywood Reporter - Movie News
France’s New Cnc President Gaetan Bruel Speaks Out on Trump’s Proposed Tariff on Foreign-Made Movies and French Industry’s MeToo Reckoning
- 5/14/2025
- by Elsa Keslassy
- Variety Film + TV
Kristi Noem Ignores the Law — and Reality — in Tense Immigration Hearing
- 5/14/2025
- by Nikki McCann Ramirez
- Rollingstone.com
DIFF2025: Director Josh Forbes Doc Looks Back at ‘Gallagher’
- 5/14/2025
- by adam@hollywoodchicago.com (Adam Fendelman)
- HollywoodChicago.com
What do critics think of Apple TV+'s new series 'Murderbot'?
- 5/13/2025
- by Matt Tamanini
- The Streamable
‘Murderbot’ reviews: Critics applaud Skarsgård’s performance, question the Apple TV+ series’ tone and pacing
- 5/12/2025
- by Mia McNiece
- Gold Derby
Warren Buffett Announces He’s Stepping Down As Berkshire Hathaway CEO
- 5/3/2025
- by Glenn Garner
- Deadline Film + TV
Warren Buffett Says He’ll Step Down as Berkshire Hathaway CEO at Year End, Taps Greg Abel as Successor
- 5/3/2025
- by Cynthia Littleton
- Variety Film + TV
Spotlight: Warren Buffett's Charity Work
- 4/16/2025
- Look to the Stars
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.