Warren Buffett: Steps Down from Berkshire Hathaway After 55 Years

Warren Buffett is stepping down from Berkshire Hathaway after 55 years of leadership, leaving behind a legacy of ethics and insight.

In his final letter to shareholders, the 94-year-old investor announced his departure from the CEO position. Greg Abel is taking over the management, whom Buffett describes as an "excellent manager."

Buffett will remain chairman of the board and will continue to write an annual message every Thanksgiving.

Born in Nebraska in 1930, Buffett founded the Buffett Partnership at age 26 and later acquired Berkshire Hathaway, transforming it into one of the world's largest investment groups.

Since 1970, he has built his empire on patience, consistency, and trust in people, along with Charlie Munger.