Warren Buffett (95), one of the most respected and successful investors in the world, retires today (December 31, 2025). As planned, he steps down as Chief
Executive Officer (CEO) of Berkshire Hathaway. He retires after six decades atop the conglomerate, which has now a market valuation of more than USD 1 trillion. Greg Abel, the vice chairman for non-insurance operations, will take charge of the conglomerate, as per the announcement at the company's annual shareholder meeting in Omaha earlier. Warren Buffett's retirement marks the end of an extraordinary era in global finance. Known as the “Oracle of Omaha”, Buffett transformed Berkshire Hathaway from a struggling textile company into a conglomerate with investments spanning insurance, railways, energy, consumer goods and technology. Berkshire for decades has routinely outpaced the S&P 500 as Buffett bought up insurance companies like Geico and National Indemnity, manufacturers like Iscar Metalworking, retail brands like Dairy Queen, major utilities and even one of the nation's biggest railroads, BNSF. Along the way, Buffett bought and sold hundreds of billions of dollars of stocks and profited handsomely from his famously long-term bets on companies like American Express, Coca-Cola and Apple.
