Who is Warren Buffett? What to know about the billionaire, leaving Berkshire Hathaway CEO

With the billionaire Warren Buffett abandoned From his role as the CEO of Berkshire Hathaway in late 2025, he will resign from the control of a company he has run for six decades.

94 -year -old Buffett made the announcement during the Berkshire annual meeting on May 3, adding that he would give the reins to Vice President Greg Abel.

“I think the time has come when Greg should become the CEO of the company at the end of the year,” Buffett said at a Saturday meeting. Although he will not be part of Holding’s everyday operations, Buffett said he has the “zero” intention of selling any of his Berkshire shares.

After leaving the ad, he told CNBC Becky Quick “still plans to enter the office every day.”

Buffett started buying Berkshire shares in 1962, which led him to acquire a majority participation and finally CNBC billionaire bio.

Although the announcement struck Abel even, Buffett said he had no prior knowledge of his plans, the businessman and the investor said that his children are aware of his decision.

Here’s what to know about Buffett after the news of your departure soon.

Warren Buffett: The Oracle of Omaha, a life in the photos

Recognized as an immensely successful investor with a Dear Net Value in Real Time Later than $ 160 Million – Nicknamed “The Oracle of Omaha” – Buffett has traveled a long way to grow in Omaha, Nebraska, with his two brothers, mother and father, a former congressman, according to his CNBC Bio.

Buffet’s father, Howard Buffett, was in the investment business and served the Omaha School Board before being elected in Congress in 1942 as a Republican, called Bio.

It didn’t take long for Buffet to follow his father’s footsteps because at the age of 11 he had already bought his first stock, three actions from the favorite cities service to $ 38 per action. When the shares plunged and then up to $ 40, Buffett sold its stakes, only to see -increased, according to the CNBC Bio.

Since then, Buffett has applied the lessons learned from his first investment, his degree in Business Administration from the University of Nebraska and the teachings of the Guru of Valor invested Benjamin Graham to create an empire.

“Warren Buffett’s enormous financial success, along with his mig-American common sense, modest lifestyle and self-destructive sense of humor, have helped him to make him one of the most famous and admired billionaires in the world,” reads his CNBC Bio.

Buffett has mainly accumulated his fortune through the Berkshire Hathaway Investment Portfolio, which includes 44 public negotiation actions and dozens of private companies and non -marketable values, The fool of the MotleyA Virginia Financial and Private Investment Company, reported in March.

Throughout his financial career, Buffett and his missing Berkshire business partner, Charlie Munger, invested in a multiplicity of companies and companies including Coca-Cola, Heinz Ketchup, IBM Computers, Dairy Queen, Duracell, insurance companies, media companies, railways and real estate, according to their CNBC Bio.

While the buffett and Berkshire portfolio can be considered diversified, of the approximately $ 283 billion that the company currently has in public stock stock, 47% of them are focused on three shares, according to the Motley Fool. Apple (22.7%), American Express (14.3%) and Bank of America (10.1%) are great winners of Berkshire and are invested in the holding.

In 2024, Berkshire reached a market value of $ 1 trillionturning it into the first -American -American company out of technology to do it.

In 2010, he founded Buffett and the billionaire Bill Gates The promise of donor To encourage rich people to give half their net value to charity. Following the creation of the campaign, Buffett pledged to commit 99% of his fortune to philanthropy.

“If we had used more than 1% of my claims (Berkshire Hathaway certified), neither our happiness nor our well -being will improve. However, the remaining 99% can have a huge effect on the health and well -being of others,” said Buffett, according to Buffett. The Giving Giving Fatdge website.

Buffett attributed his richness to “a combination of living in America, some lucky and composite interest”, according to his bio on the campaign website.

“My luck was accentuated by my life in a market system that sometimes produces distorted results, although it usually serves well in our country,” Buffett said, according to Bio. “I have worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with notes of thanks from parents, but he rewards those who can detect the bad price of values ​​with sums that reach billions. In short, the distribution of long straw fate is wild.”

It is not clear what Buffett will do later, but it may include enjoying time with his family and his wife, Astrid Menks. The two were known after the buffett separation of his previous wife, Susie Thompson.

“She takes care of me, she is excellent,” said Buffett Interviewer Charlie Rose about his wife in 2007. “You couldn’t find a better person in the world.”

This item originally appeared in USA Today: What to know about Warren Buffett, the Berkshire Hathaway CEO