**Warren Buffett to Step Down as CEO of Berkshire Hathaway by 2025**
Warren Buffett, the Chief Executive Officer of Omaha-based investment powerhouse Berkshire Hathaway, will officially resign from his position by the end of Wednesday, December 31, 2025. The renowned billionaire investor will transition to the role of Chairman. As reported on May 5, 2025, Greg Abel, currently serving as Vice Chairman, has been appointed as Buffett’s successor, set to take over as CEO on January 1, 2026.
During the company’s 60th annual shareholders meeting, Buffett personally announced this long-anticipated succession plan, designating Abel as his successor. Abel will lead the conglomerate, which employs nearly 400,000 individuals across various sectors.
Buffett’s remarkable journey began in 1962 when he purchased shares of Berkshire Hathaway for just $7.60 each, transforming the struggling New England textile mill into a global conglomerate. As of the market close on December 30, 2025, Berkshire Hathaway Class A shares were valued at $755,400 each. According to the Bloomberg Billionaire Index, Buffett’s net worth reached $152 billion, making him the 10th richest person in the world as of December 31, 2025. Notably, his wealth saw a year-to-date increase of 6.7%, amounting to $9.54 billion, with a recent addition of $833 million to his fortune.
Under Buffett’s leadership, Berkshire Hathaway consistently outperformed the S&P 500, thanks to strategic investments in insurance companies like Geico and National Indemnity, as well as in firms such as Iscar Metalworking and Dairy Queen. His long-term investments in iconic companies like American Express, Coca-Cola, and Apple have also become legendary.
Industry leaders have expressed their admiration for Buffett’s investment philosophy. Larry Restieri, CEO of wealth management firm Hightower, noted that he learned from Buffett that true excellence lies in discipline and staying true to one’s principles. Similarly, Marcel Arsenault, CEO of Real Capital Solutions, shared that Buffett inspired him to look beyond mere financial success.
As Berkshire Hathaway prepares for this leadership transition, the company remains a significant player in the investment landscape, with its Class A shares closing 0.45% higher at $755,400 following the trading session on December 30.
**FAQ**
**Q: Who will succeed Warren Buffett as CEO of Berkshire Hathaway?**
A: Greg Abel, currently the Vice Chairman of Berkshire Hathaway, will succeed Warren Buffett as CEO effective January 1, 2026.
