Warren Buffett Exits Berkshire Hathaway

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billionaire Warren Buffett

USA Today

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Business

Business & Economics

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

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Warren Buffett will step down from his role as chief executive of Berkshire Hathaway at the end of 2025 .

Buffett , 94 , made the announcement during Berkshire 's annual meeting on May 3 , adding that he'll hand over the reins to vice chairman Greg Abel .

Buffett began buying shares of Berkshire in 1962 , which led to him acquiring a majority stake and eventually taking control of once-failing textile company.

It is unclear what Buffett will do next, but it may include enjoying time with his family and his wife of nearly 20 years , Astrid Menks .

The two met following Buffett 's separation from his previous wife, Susie Thompson .

"You couldn't find a better person in the world," Buffett said about his wife.

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