It then shows how business leaders react like Bill Gates and Mark Cuban to Warren Buffett down

• Warren Buffett announced that he left Berkshire Hathaway CEO by the end of the year.

• He has recommended that Greg Abel, vice president of the company, triumph.

• The tributes have been pouring business leaders such as Bill Gates, Mark Cuban and Tim Cook.

Warren Buffett He said he would reduce himself as the CEO of Berkshire Hathaway after 55 years, causing tributes of investors and business leaders.

94 -year -old Buffett made the announcement on Saturday during the company’s annual meeting of shareholders in Omaha, Nebraska. The crowd gave Buffett two ovation of footRecognizing his career as the longest CEO of a S&P 500 company.

Said he intended to resign by the end of 2025 and recommended the board of directors that Greg AbelNow vice -president of the company, he assumes as CEO.

Buffett has been a lasting force as an investor and businessman since he bought Berkshire Hathaway in 1965, then a New England textile mill and transforming it into a $ 1 trillion conglomerate that covers several industries.

Following Buffett’s announcement, business leaders around the world shared tributes.

In a statement to Business Insider, Microsoft co -founder Bill Gates called Buffett “one of the largest delegates” and “the most successful investor of all time.”

Buffett and Gates have been friends for 30 years, gathering in the 1990’s. However, they have worked together in philanthropic efforts for decades Their friendship has cooled In recent years.

“He has built an extraordinary company in Berkshire Hathaway, and he has done so with wisdom, integrity and a phenomenal sense of humor. But Warren has not been pleased to give an example as a businessman. When he decided to give his wealth to society, he set an example as a philanthropist.

Apple’s CEO praised Buffett in an X Post on Saturday.

“There has never been someone like Warren,” Cook wrote. “He has been one of the great privileges of my life to know him. And there is no doubt that Warren leaves Berkshire on the big hands with Greg.”

Dimon, the CEO of JPMORGAN Chase and a Wall Street equipment, praised Buffett in a message after the major announcement of the investor.

“Warren Buffett represents everything that is good about North -American capitalism and America: investing in the growth of our nation and its business with integrity, optimism and common sense,” he said, according to Reuters. “I have learned a lot from him to that same day and I am honored to shout the friend.”

Bank of America President and Chief Executive Officer Brian Moynihan told Business Insider that Buffett “has achieved unmatched success during a seven more decades career.”

Bank of America was one of Berkshire Hathaway’s largest stakes before starting selling shares last year.

“Beyond his business success, his unprecedented philanthropic gift is still an example to follow,” Moynihan told Bi by email. “Their life lessons delivered to young and old are as valuable as their company.

Pimco’s investor and co -founder, Bill Gross, told Business Insider via email that Buffett’s vision differentiated him from other investors.

“His vision was not limited to an optimistic view of the future,” Grossa said Bi. “Through its insurance farms, due to its structure it allowed the investment of premiums to almost zero cost in higher return assets such as Cake, Amex and Apple and therefore Financial Structural Assistant. “”

Gross also congratulated Buffett and reminded X the first time his company gave Berkshire one of his first loans in the mid -1970’s.

“He knew nothing about insurance and candy stores, but he was sold for his long -term vision of economics and markets,” Gross wrote. “Congratulations, my friend, not only for the numbers, but also for the philanthropy and the years. Having a cherry coke with you was the highlight of my career.”

Cuban told Business Insider in an email that Buffett was his “investor hero” and shared a photo of him with the investor legend in a lacti queen in Omaha.

“We used to go to DQ to Omaha,” Cuban wrote. “It was the highlight of my year.”

After the announcement, Cuban also re -published a video showing Buffett who received a permanent ovation during the annual meeting of Berkshire Hathaway.

Hakimian, the founder of Tolou Capital Management, shared a video in Buffett’s X, who received a permanent ovation from the crowd at the Berkshire Hathaway annual meeting.

“Curtina calls the captain,” Hakimian wrote.

Olson, a member of the Hathaway Berkshire Council, told CNBC that Buffett has “lived a life full of surprises. Very few of his decisions have been anything sensational. I am very eager to see that Warren becomes Charlie Munger of Greg Abel”.

Olson also believed that Abel is “ready” for the paper.

“I have no doubt about it. We have known it for some time,” Olson told the starting.

The Arkansas GOP congressman and ex -he told CNBC that the Buffett, Abel and Berkshire Hathaway Council “have done a great job during the last decade preparing the shareholders for today.”

Hill added that he admired Buffett from his university days.

“When I left Government in 1993 and returned to the private sector in investment management, it was Warren Buffett who was my role model: a man I have never met personally, but I have admired all these years,” Hill told The Outlet.

The President and CEO of American Express told Business Insider through the email that Buffett “has had one of the most stored races in the history of North -Americans”.

Squeri added that the “vision and deep sense of responsibility of Buffett’s shareholders is unmatched, and that his humility and humor are rare qualities in a leader who have made Warlen with Warren a delight.”

He added that American Express, in which Berkshire Hathaway has a minority participation, hopes that he will “continue to work with Greg while based on Warren’s legacy.”

The CEO of the Baupost Group’s Cover Fund told BI by email that Buffett directed an “investment marathon” for decades and excelled in all conditions.

“But he is more than an investor: he is a visionary business leader, a teacher, a role model and philanthropist.

The co -president of Oakree Capital Management told BI in an email that it is “impossible” that no one is measured in Buffett.

“He is the most influential investor of all time: Isaac Newton to invest,” Marks said.

“He says that when he started in the early 1950’s, he was able to buy dollars for 50 cents, and it facilitated it,” Marks added. “But the thing is, even if there were opportunities, no one else did. There were no multiple Warren buffets.”

Jim Cramer, the host of the CNBC program “Mad Money”, called buffett “Our only Goat” in a post x Sunday.

“With great fear of buffett and congratulating him on the biggest race of all time,” Cramer wrote.

Read the original item at Business Insider