Warren Buffett exits Berkshire Hathaway as his son Howard becomes chairman
Warren Buffett, the investing legend that turned Berkshire Hathaway into an massive conglomerate, has officially stepped aside as chairman after leaving as CEO at the beginning of the year.
Warren Buffett has stepped aside as chairman of Berkshire Hathaway. He had previously relinquished his role as CEO earlier in the year.
Buffett remains executive chair of the company. His impact on Berkshire Hathaway's stock portfolio is expected to endure, with some of the stakes he initiated likely to remain in the portfolio for decades.
The conglomerate's stock portfolio is valued at roughly $363 billion, according to Motley Fool. Two of the stakes in the portfolio earn the company roughly $1.44 billion in combined annual dividends.
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