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World-renowned investor Warren Buffett announces retirement!
New York:- Warren Buffett, the chairman and CEO of Berkshire Hathaway, one of the world's most famous investors, has made a big announcement about his retirement. Warren Buffett has announced that he will retire at the end of this year and a new steward of his multi-billion dollar empire has also been decided.
Warren Buffett, the chairman and CEO of Berkshire Hathaway and the fifth richest person in the world, has announced his retirement at the company's annual shareholders' meeting. He has clarified that he will retire from his position at the end of this year. The announcement surprised the more than 40,000 investors present and they applauded Buffett's decision by standing up. He also announced at the meeting who will be the new successor to Berkshire Hathaway after retirement.
Buffett said that Greg Abel, the company's vice chairman, who has been appointed as his successor since 2021, will take over as CEO at the end of this year. Abel, who currently leads Berkshire's non-insurance businesses, will now be responsible for all of the company's operations, insurance and investment policies.
Buffett also made it clear that he will remain a shareholder in Berkshire Hathaway and will be available in an advisory role, but that all decisions will be in Abel's hands. "I have no intention of selling a single share of Berkshire Hathaway. I will eventually donate it." Buffett has also criticized US trade policies, especially the tariffs imposed by President Donald Trump. He stressed the importance of global trade cooperation and said that trade should not be used as a political weapon.
How much cash does Berkshire Hathaway have?
Berkshire Hathaway recently released its quarterly earnings report, which showed that the company's cash reserves reached $3.47 billion. The company has sold more shares in the past ten quarters and reduced investments in companies such as Apple and Bank of America. Greg Abel's appointment is being viewed positively by investors and industry experts. However, they will have to run the company without Buffett's reputation and influence, which will be a major challenge. Buffett's retirement marks the end of an era, but his influence and investment philosophy will continue to influence the direction of Berkshire Hathaway for years to come.
New York:- Warren Buffett, the chairman and CEO of Berkshire Hathaway, one of the world's most famous investors, has made a big announcement about his retirement. Warren Buffett has announced that he will retire at the end of this year and a new steward of his multi-billion dollar empire has also been decided.
Warren Buffett, the chairman and CEO of Berkshire Hathaway and the fifth richest person in the world, has announced his retirement at the company's annual shareholders' meeting. He has clarified that he will retire from his position at the end of this year. The announcement surprised the more than 40,000 investors present and they applauded Buffett's decision by standing up. He also announced at the meeting who will be the new successor to Berkshire Hathaway after retirement.
Buffett said that Greg Abel, the company's vice chairman, who has been appointed as his successor since 2021, will take over as CEO at the end of this year. Abel, who currently leads Berkshire's non-insurance businesses, will now be responsible for all of the company's operations, insurance and investment policies.
Buffett also made it clear that he will remain a shareholder in Berkshire Hathaway and will be available in an advisory role, but that all decisions will be in Abel's hands. "I have no intention of selling a single share of Berkshire Hathaway. I will eventually donate it." Buffett has also criticized US trade policies, especially the tariffs imposed by President Donald Trump. He stressed the importance of global trade cooperation and said that trade should not be used as a political weapon.
How much cash does Berkshire Hathaway have?
Berkshire Hathaway recently released its quarterly earnings report, which showed that the company's cash reserves reached $3.47 billion. The company has sold more shares in the past ten quarters and reduced investments in companies such as Apple and Bank of America. Greg Abel's appointment is being viewed positively by investors and industry experts. However, they will have to run the company without Buffett's reputation and influence, which will be a major challenge. Buffett's retirement marks the end of an era, but his influence and investment philosophy will continue to influence the direction of Berkshire Hathaway for years to come.
Warren Buffett, the chairman and CEO of Berkshire Hathaway and the fifth richest person in the world, has announced his retirement at the company's annual shareholders' meeting. He has clarified that he will retire from his position at the end of this year. The announcement surprised the more than 40,000 investors present and they applauded Buffett's decision by standing up. He also announced at the meeting who will be the new successor to Berkshire Hathaway after retirement.
Buffett said that Greg Abel, the company's vice chairman, who has been appointed as his successor since 2021, will take over as CEO at the end of this year. Abel, who currently leads Berkshire's non-insurance businesses, will now be responsible for all of the company's operations, insurance and investment policies.
Buffett also made it clear that he will remain a shareholder in Berkshire Hathaway and will be available in an advisory role, but that all decisions will be in Abel's hands. "I have no intention of selling a single share of Berkshire Hathaway. I will eventually donate it." Buffett has also criticized US trade policies, especially the tariffs imposed by President Donald Trump. He stressed the importance of global trade cooperation and said that trade should not be used as a political weapon.
How much cash does Berkshire Hathaway have?
Berkshire Hathaway recently released its quarterly earnings report, which showed that the company's cash reserves reached $3.47 billion. The company has sold more shares in the past ten quarters and reduced investments in companies such as Apple and Bank of America. Greg Abel's appointment is being viewed positively by investors and industry experts. However, they will have to run the company without Buffett's reputation and influence, which will be a major challenge. Buffett's retirement marks the end of an era, but his influence and investment philosophy will continue to influence the direction of Berkshire Hathaway for years to come.
