NewStats: 3,263,554 , 8,180,530 topics. Date: Friday, 06 June 2025 at 01:14 PM 5j383k

One of the world's richest people, Warren Buffett, has announced that he will step down as CEO of Berkshire Hathaway by the end of the year. He will be succeeded by the company's vice president, Greg Abel.

“I think it's time for Greg to take over at the end of the year. I'll report this to the board of directors and I'll accompany it with my recommendation [regarding Abel], I'll give them time to think about it, and at the next meeting in a few months, we'll make a decision in accordance with the opinion of the 11 directors. I think they will all unanimously this proposal. “So, at the end of the year, Greg will become CEO of Berkshire Hathaway,“ he said at a meeting with shareholders. His speech was broadcast by CNBC.

The 94-year-old Buffett said he would continue to be informed about the company's affairs and expressed hope that he could “be useful to the company from time to time“.

In 1965, Buffett acquired a controlling stake in the nearly bankrupt textile company Berkshire Hathaway and turned it into a holding company that manages the assets of companies operating in various fields. Among them are leading American banks and equipment manufacturers. Buffett is one of the five richest people in the world, with Forbes estimating his fortune at $168 billion. The billionaire announced his choice of Abel as his successor back in 2021.

https://fakti.bg/en/biznes/968803-warren-buffett-resigns-as-berkshire-hathaway-ceo

Lol he will step down at the end of the Year ..



The Year never end he still fit change him mind...

Mod that carried this to fp with the headline should be flogged!! Warren Buffett said he is stepping down by the end of the year, which is still far off, so he has not "resigned" as stated.



In other news, make money so anything wey you do go enter nairaland fp

old already, time to the mantle

After staying alive,
The most difficult thing in this life is building a sustainable generational wealth, so when i see people who amase so much wealth i always respect and held them in a very high esteem.
Because even if na by crook it's not easy.

Buffeeetttt

great

Tinubu should please do the same thing for the interest of Nigerians

The greatest investor! Man should be studied.

I always wondered how people this wealthy process the thought of they are going to die one day, especially a 94 year old whose date is closer and leaving all that wealth behind.

Ok

In Nigerian, business founders hand over to their children even GOs as well.

Any hardworking partner is deemed an outsider and would be gotten rid of in order to pave way for their kids to take over. The wealth must remain in the family.

I wish him a happy retirement.

The Oracle.

He has recommended me to the board as his replacement

Make money bro. Plenty of it.

94 years old oga
Baba God really give you strength o

bcomputer101:
Tinubu should please do the same thing for the interest of Nigerians

na the same you nigerians go come vote rubbish for the next election

Na also the same people go dey insult and regret say dey vote am

Why you nor go run ya own and contest for president so make we see wetin you wan do

Billionaire

End of an era

Can i apply for the position?

wiseone28:
Can i apply for the position?

Yes, please send in your application

inoki247:
Lol he will step down at the end of the Year ..



The Year never end he still fit change him mind...

just like say Adeboye and Oledepo Stepdown as GO of Redeem and Winners Chapel respectively

He has done his part, at 94, I don't expect anything less. Fortunate man, life and nature were kind to you and I pray for same grace

My love💖💖

wiseone28:
Can i apply for the position?

No, you're not qualified

FeliciaOja:
My love💖💖

MrFollowFollow:


Yes, please send in your application

You be Mr follow follow nah

Generational wealth and long life. God really has favourites.

Commentor:
The Oracle.

The Oracle of Omaha

If you have assignment
Abeg bring make we run am for u

Eyahh, why now, the man is so rich. He has plenty money including dollars euros and Pans

Such a very rich man

The man have like 100 billions dollars