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Sunny Gehelot
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Warren Buffett to Step Down from Berkshire Hathaway Warren Buffett, the 94-year-old legendary investor known as the "Oracle of Omaha," announced his decision to step down as head of Berkshire Hathaway after over 60 years of leadership. He named Greg Abel, vice-chair of Berkshireโs non-insurance operations, as his successor. The announcement was made at Berkshireโs 60th annual shareholder meeting in Omaha. Buffett's departure marks the end of an era following the 2023 death of his longtime partner, Charlie Munger. Buffett leaves behind a legacy of extraordinary investment returns and a modest $100,000 salary maintained for decades.
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