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Warren Buffett Officially Retires as Berkshire Hathaway CEO
After nearly six decades, Warren Buffett just officially stepped down at Berkshire Hathaway CEO.
He had previously announced his plans to retire in May.
But, the 95-year-old billionaire investor isn’t disappearing.
Buffett will stay on as a chairman in order to provide advice and guidance as the business transfers into its next chapter.
Here are the details:
JUST IN: Warren Buffett officially steps down as CEO of Berkshire Hathaway after 60 years with the company.
The end of an era pic.twitter.com/VwbugTIeGw
— Watcher.Guru (@WatcherGuru) December 31, 2025
WARREN BUFFETT HAS OFFICIALLY STEPPED DOWN, LEAVING BEHIND A $382 BILLION EMPIRE AND A FINAL WARNING
Buffett officially signed off as CEO of Berkshire Hathaway, closing a sixty year chapter that certainly reshaped American capitalism and did turn a struggling textile mill,… pic.twitter.com/O6WaV2wbcS
— Mario Nawfal (@MarioNawfal) January 1, 2026
Buffett officially signed off as CEO of Berkshire Hathaway, closing a sixty year chapter that certainly reshaped American capitalism and did turn a struggling textile mill, which was Berkshire Hathaway, into a $1.1 trillion financial powerhouse.
At 95, Buffett handed day to day control to Gregory Abel but made clear he is not vanishing.
He does plan to remain chairman and stay involved, offering guidance while the next era begins.
Buffett exits with a message louder than any farewell speech.
Berkshire is sitting on roughly $381.7 billion in cash, a deliberate signal that he sees few worthwhile opportunities in today’s inflated markets.
That massive war chest now belongs to Abel, a longtime lieutenant who built Berkshire’s energy business into a global force and earned Buffett’s trust as a steady operator.
Berkshire now spans around 90 companies, avoids short term noise, and trades Class A shares near $750,000.
The system was designed to survive succession.
Buffett may be stepping away from the CEO title, but the philosophy remains unchanged.
Buy great businesses.
Hold them patiently.
Let discipline and integrity do the work.
Warren Buffet is ending his long career on a high note, worth over $300 billion.
NBC News provided a rundown of how Buffett built his empire:
The 95-year-old, often referred to as the “Oracle of Omaha” and the “billionaire next door,” will relinquish the title after a career that saw him turn a failing textile firm into one of the most successful asset managers in the world.
Greg Abel, the 63-year-old lesser-known CEO of Berkshire’s energy business, will take the helm of the conglomerate on Thursday. Buffett will remain its chairman.
Under Buffett’s leadership, Nebraska-based Berkshire has thrived at the intersection of Wall Street and Main Street, with investments in industries ranging from railroads and insurance to candy and ice cream.
Along the way, while living in the same house he bought for just over $30,000 in the late 1950s, he redefined investing for the American public with his folksy and practical advice, became one of the wealthiest people on Earth and dedicated much of that fortune to philanthropy.
It all started in 1942, when Buffett, not yet 12 years old, bought $114.75 worth of stock in natural gas company Cities Service. Buffett had saved for the purchase since the age of 6. “I had become a capitalist, and it felt good,” Buffett wrote in the 2018 edition of his famed annual shareholder letter.
By the time he was 16, his investment grew to the equivalent of about $53,000. He was a millionaire at 32 and a billionaire at 56. Buffett is now the 10th richest person in the world, according to Bloomberg Billionaires, with a fortune of $150 billion.
To Main Street, Buffett preached his principal philosophies of only investing in what you know, and that the stock market is tough to beat.
“Most investors, both institutional and individual, will find that the best way to own common stocks is through an index fund that charges minimal fees,” Buffett wrote in 1996. “Those following this path are sure to beat the net results (after fees and expenses) delivered by the great majority of investment professionals.”
Over the long run, data have supported this belief. But Buffett and Berkshire have done even better.
Since he started to use Berkshire Hathaway as his primary investment vehicle in 1964, the company’s share price has risen more than 5,500,000%. By comparison, the return for the S&P 500 over the same period is a mere 39,000%, according to a Bloomberg calculation. Berkshire ranks as the 11th most valuable company in the world with a market value of over $1 trillion.
Berkshire’s major enterprises include the BNSF railroad, insurer Geico and well-known brands such as See’s Candy, Benjamin Moore, Duracell, Fruit of the Loom, Oriental Trading, Dairy Queen and Helzberg Diamonds.
Buffett ran Berkshire alongside Charlie Munger, who appeared with him annually at the company’s famed shareholder meetings, dubbed “Woodstock for capitalists.” Buffett and Munger would answer questions for upward of three hours inside an Omaha arena.
Buffett often touted Munger, a billionaire in his own right, who died in 2023 at the age of 99, as his sounding board. “He weaned me away from the idea of buying very so-so companies at very cheap prices,” Buffett said in 2016.
In honor of his last day, AP News shared some advice from Buffett:
“Be fearful when others are greedy, and greedy when others are fearful.”
That’s how Buffett summed up his investing approach of buying out-of-favor stocks and companies when they were selling for less than he estimated they were worth.
He also urged investors to stick with industries they understand that fall within their “circle of competence” and offered this classic maxim: “Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”…
“Who you associate with is just enormously important. Don’t expect that you’ll make every decision right on that. But you are going to have your life progress in the general direction of the people you work with, that you admire, that become your friends.”
Buffett always told young people that they should try to hang out with people who they feel are better than them because that will help improve their lives. He said that’s especially true when choosing a spouse, which might be the most important decision in life.
Here’s an especially great one for these times:
“Our unwavering conclusion: never bet against America.”
Buffett has always remained steadfast in his belief in the American capitalist system. He wrote in 2021 that “there has been no incubator for unleashing human potential like America. Despite some severe interruptions, our country’s economic progress has been breathtaking.”
There may never be another like him…aside from certain members of Congress.
This cracked me up:
They want the GOAT of trading Nancy Pelosi to replace him
— MGC (@MoneyGangCrypto) December 31, 2025
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