Key Points
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Warren Buffett will retire at the end of 2025, leaving the leadership role to Greg Abel.
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Abel will have over $347 billion in cash, cash equivalents, and short-term U.S. Treasury bills available as he takes over.
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Berkshire Hathaway’s subsidiaries operate independently of Berkshire’s main leadership.
Warren Buffett, the CEO of Berkshire Hathaway, plans to retire at the end of 2025 at age 95, passing leadership to Greg Abel. As of the first quarter of this year, Berkshire holds over $347 billion in cash and equivalents, significantly impacting its investment flexibility. Under Buffett, Berkshire has outperformed the S&P 500 with returns exceeding 5,500,000% from 1964 to 2024.
Greg Abel, who has been with Berkshire since 2000, currently serves as the chairman of Berkshire Hathaway Energy and has overseen more than $16 billion in acquisitions. Buffett has expressed confidence in Abel’s ability to maintain the company’s success, stating that “Greg will be more successful than I have been.”
