Warren Buffett Announces He Will Retire At End Of 2025
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00:00Warren Buffett, the 94-year-old CEO of Berkshire Hathaway, announced during the company's annual shareholder meeting in Omaha he will retire at the end of this year, concluding a legendary 60-year tenure.
00:13Buffett recommended Vice Chairman Greg Abel as his successor, marking a significant leadership transition for the conglomerate.
00:20Buffett, renowned for transforming Berkshire Hathaway from a struggling textile company into a $1 trillion investment powerhouse, received standing ovations from thousands of attendees, many of whom traveled from around the world to witness the announcement.
00:35Despite stepping down as CEO, Buffett will remain involved with the company as chairman, continuing to offer guidance and support.