"End of an Era: Warren Buffett Announces Retirement from Berkshire Hathaway"

Omaha, NE — May 4, 2025

In a landmark moment for the world of business and investing, Warren Buffett — the Oracle of Omaha — has announced his retirement from Berkshire Hathaway, the conglomerate he transformed into a global powerhouse over more than five decades.

At 94, Buffett made the announcement during Berkshire’s annual shareholder meeting, stating he will step down as CEO by the end of 2025. His longtime successor, Greg Abel, currently vice chairman of the company’s non-insurance businesses, will take over as chief executive.

“The company doesn’t depend on me. It depends on a culture, and that culture is safe with Greg,” Buffett told the crowd of shareholders and reporters.

Although stepping away from the executive role, Buffett will retain his significant ownership stake in Berkshire Hathaway and serve as an informal advisor, ensuring continuity and confidence in leadership.

A Legacy Like No Other

Buffett began his journey with Berkshire Hathaway in 1965, initially acquiring a failing textile mill. Through decades of disciplined, value-driven investing, he built it into a conglomerate worth over $800 billion, owning iconic companies like GEICO, BNSF Railway, Dairy Queen, and major stakes in Apple, Coca-Cola, and American Express.

Under his guidance, the company’s Class A shares soared to record highs — recently topping $809,350 per share — a testament to his long-term vision and capital allocation prowess.

Passing the Torch

Greg Abel has been groomed for the role over the past several years, earning respect for his operational discipline and leadership within Berkshire Hathaway Energy. Investors see his appointment as a continuation of Buffett’s long-standing principles.

Looking Ahead

While the announcement signals the end of an extraordinary chapter, Buffett’s influence will remain deeply embedded in the company’s DNA. His departure also raises broader questions about the future of value investing in an increasingly tech-driven and speculative market.

“Warren Buffett may be retiring, but his philosophy on investing — patience, discipline, and integrity — will guide generations to come,” said one longtime shareholder.