Warren Buffett Retires as Berkshire Hathaway CEO

Warren Buffett, the legendary investor known as the Oracle of Omaha, stepped down as CEO of Berkshire Hathaway at the end of 2025, capping a career that transformed a struggling textile company into a conglomerate valued at over 1 trillion dollars. At age 95, Buffett handed the reins to successor Greg Abel, leaving behind a portfolio that includes major stakes in companies like Apple, Bank of America, and Coca-Cola, which account for a significant portion of Berkshire's 263 billion dollar stock holdings. His net worth stands at approximately 152 billion dollars, making him one of the world's richest individuals.

Buffett's departure comes amid volatile stock markets on both sides of the Atlantic, with indices like the S&P 500 and FTSE 100 trading well below their 2026 highs. Berkshire ended 2025 with a record 373 billion dollars in cash and equivalents, reflecting a cautious strategy under Buffett's guidance. The company sold off substantial shares in Bank of America and Apple over the past three years, including a recent 10 billion dollar acquisition of Oxychem and a 1.8 billion dollar deal for Tokio Marine insurance. This conservative approach contrasted with Buffett's...