Warren Buffett announces retirement from leading Berkshire Hathaway

Warren Buffett, the billionaire investor and philanthropist, announced his retirement at the end of 2025 after leading Berkshire Hathaway for six decades. He recommended his vice-chair, Greg Abel, as his successor during a surprise announcement at an Omaha shareholders' meeting. The audience responded with a standing ovation, recognizing Buffett’s leadership over the company. Abel, who has managed most of Berkshire’s investments since 2001, was unaware of the retirement plan until after the event. Buffett, a lifelong Democrat, plans to donate nearly all his remaining wealth post-retirement but previously expressed no intention of retiring.