Warren Buffett retires after 61 years, Greg Abel succeeds as chairman

Berkshire Hathaway's value exceeded one trillion dollars in 2024, making it the first non-technology American company to reach this milestone. After approximately 61 years of sustained leadership, Warren Buffett's role as CEO ended in 2026, with Greg Abel taking over the position, while Buffett assumed the role of Chairman Emeritus. The company was founded by Buffett, who took full control in 1965, transforming from a struggling textile firm into a massive investment conglomerate. Its holdings include investments in insurance, energy, railroads, and technology, with Apple shares being among its largest assets. Throughout his career, Buffett pursued strategic expansions and made substantial charitable donations, reinforcing his position as a leading investor in the American economy.

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