Warren Buffett resigns as Berkshire Hathaway chairman

Berkshire Hathaway has announced that its founder, Warren Buffett, is stepping down as chairman. This decision shall take effect immediately. The fund will be headed by his son Howard Buffett. Warren Buffett, now 96, will remain honorary chairman of the board.

In 2025, Buffett left the post of CEO of Berkshire Hathaway, this position was taken by Greg Abel.

Warren Buffett is one of the most famous and influential investors in the world. In 1965, he bought the unprofitable textile company Berkshire Hathaway, which he turned into one of the world’s largest investment funds. The fund bought stakes in companies such as Apple, Coca-Cola, American Express, IBM, Wells Fargo. The average annual return on its investments since the 1960s has been 19.7% - almost double the average growth of the S&P 500 in the same period. As of June 2026, Berkshire Hathaway has $1.26 trillion in assets under management.

Mr. Buffett himself ranks tenth among the richest people in the world according to Bloomberg - his fortune is estimated at $ 145 billion. Warren Buffett is one of the billionaires who has pledged to give away most of his fortune to charity. Since 2006, he has regularly donated millions of dollars to various foundations, in total, he has already donated more than $50 billion to charity. Recently, Buffett has increased the scale of donations - it is reported that by 2034, most of his fortune will go to charity.

Jana Christmas