Warren Buffett Steps Down as CEO of Berkshire Hathaway
Warren Buffett has retired as CEO of Berkshire Hathaway, effective the end of 2025, after leading the company for 60 years, during which it achieved an average annual return of 19.7%. His successor, Greg Abel, has been with the company since 1999 and is well-prepared for the role. As of now, Berkshire boasts $381 billion in cash reserves, which positions it well for future acquisitions.
Since Buffett’s acquisition in 1965, a $1,000 investment in Berkshire would be worth approximately $48.5 million today, significantly outpacing the S&P 500’s return of about $399,702 over the same period. Even if Berkshire’s stock were to plummet by 99%, investors would still fare better than those who had invested in the S&P 500.
Berkshire’s portfolio includes significant positions in companies like Apple, American Express, and Bank of America, amounting to 63% of its overall value. Buffett remains as chairman and will influence the company’s direction moving forward.
