Warren Buffett to retire from Berkshire Hathaway, donates $1.3 billion to charity
World
Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, announced that he will step down after more than 60 years of leading the company. In his final letter to shareholders, the 95-year-old billionaire revealed a $1.3 billion donation to charity.
Buffett’s donation will go to four family foundations, including the Susan Thompson Buffett Foundation and those run by his children. It marks one of his largest philanthropic gifts in recent years.
Starting in 2026, Greg Abel will take over as CEO, while Buffett will remain Chairman of the Board.
Over the decades, Buffett transformed Berkshire Hathaway from a textile manufacturer into a global conglomerate that owns GEICO, Duracell, Dairy Queen, and major stakes in Apple, Coca-Cola, and Bank of America.
With an estimated net worth of $150 billion, Buffett remains one of the world’s richest men — yet also one of its most generous, having pledged more than half of his fortune to charitable causes throughout his lifetime.
Starting in 2026, Greg Abel will take over as CEO, while Buffett will remain Chairman of the Board.
Over the decades, Buffett transformed Berkshire Hathaway from a textile manufacturer into a global conglomerate that owns GEICO, Duracell, Dairy Queen, and major stakes in Apple, Coca-Cola, and Bank of America.
With an estimated net worth of $150 billion, Buffett remains one of the world’s richest men — yet also one of its most generous, having pledged more than half of his fortune to charitable causes throughout his lifetime.
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