Warren Buffett, the CEO of Berkshire Hathaway (NYSE: BRK.A, BRK.B), will step down by the end of 2025. Buffett stated there’s “no magic moment” for the transition, responding to questions about aging. This change follows years of planning, with a team of his handpicked successors already in place.
Berkshire Hathaway currently has a market cap of approximately $1 trillion and holds a record cash pile of nearly $350 billion. The company is expected to maintain its structural advantages and investment capabilities, with key personnel like Todd Combs and Ted Weschler leading future investment decisions, including a significant position in Apple valued at over $60 billion.
