Warren Buffett steps down as Berkshire Hathaway chairman
Buffett's son, Howard, will succeed him in the role. Buffett had earlier stepped down as Berkshire's CEO last year.
Warren Buffett, the 96-year-old billionaire investor and philanthropist, is set to relinquish his role as the chairman of Berkshire Hathaway, the conglomerate he founded in 1965. His son, Howard Buffett, 71, will assume the position. In a message to shareholders, Buffett expressed his gratitude for his six-decade tenure, stating it remains the best job he's ever had.
He added that he feels confident about the future. This news follows Buffett's departure as the firm's CEO last year, a role he relinquished to Greg Abel. Under Abel's leadership, Buffett emphasized that Howard will preserve Berkshire's culture and values. Forbes estimates Buffett's net worth at $144.7 billion, making him the 10th wealthiest person globally.
Known for his straightforward demeanor, Buffett has a deep-rooted connection to Omaha, Nebraska, where Berkshire is based.
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