Berkshire Hathaway CEO Warren Buffett announced at the company’s annual shareholder meeting on May 3 that he will step down as chief executive at the end of this year. He will stay on as chairman.
Since taking over what was once a struggling textile company in 1965, Buffett has turned Berkshire Hathaway into one of the largest conglomerates in the U.S. Under his leadership, Berkshire hit a market cap of $1 trillion in 2024. The legendary investor is also one of the richest people in the world, worth an estimated $160 billion. READ MORE