‘Oracle of Omaha’ stuns shareholders, but pledges to maintain investments in group and says he will still be ‘hanging around’.
Billionaire investor Warren Buffett announced his retirement as chief executive of Berkshire Hathaway by the end of 2025, designating vice chairman Greg Abel as his successor. Despite stepping down, the 94-year-old Buffett plans to remain involved and keep his investments in the company, stating he believes Berkshire will perform better under Abel’s leadership. Additionally, he expressed concerns regarding the global impact of President Trump’s tariffs, warning that trade should not be weaponized.
