Read Buffet's final letter to shareholders as chair
Warren Buffett, who is the world’s richest man, has announced his retirement as chairman of Berkshire Hathaway. His son, Howard Buffett, will take over the position, serving as Chairman Emeritus in recognition of his significant contributions to the company. Buffett will continue to serve on the board and offer his expertise, though he will no longer be the chief executive.
He has been with the company for over 60 years, and his son has served on the board since 1993. Buffett emphasized the importance of preserving the company’s culture and values, while acknowledging Abel’s strong performance as CEO. With a net worth of approximately $144.7 billion, Buffett ranks 10th on Forbes’ 2026 list of America’s wealthiest individuals.
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