Richesse énorme homme mondial annonce son intention de se retirer.
Saying goodbye to the big leagues, the one and only Warren Buffett, known across the globe as the Oracle of Omaha, is handing over the reins of Berkshire Hathaway to his successor, Greg Abel. Aged 94, Buffett announced his decision at the annual general meeting of Berkshire Hathaway shareholders, stating that the time has come for Abel to take the helm at the end of this year.
During the online broadcast, Buffett shared his sentiment, stating, "I think it's high time for Greg to become CEO of the company come the end of the year. I want the leaders to be in the loop that this is my recommendation." This decision will be formalized at a board meeting scheduled for May 4, where, Buffett believes, he'll secure unanimous support for Abel's candidacy.
The seasoned investor reiterated his eagerness to maintain his presence but acknowledged that the final call will belong to Abel. Buffett currently serves as both CEO and chairman of Berkshire Hathaway. Following the shareholders' meeting, Buffett and Abel shared with CNBC that they'll discuss Buffett's role in the upcoming board meeting next year. This isn't the first time Buffett has mentioned Abel as his successor; since 2021, Abel has been preparing for the big shift. Currently, Abel holds the positions of vice chairman of Berkshire Hathaway and CEO of Berkshire Hathaway Energy.
As of now, Buffett's net worth stands at a staggering $169 billion, most of which is tied up in Berkshire Hathaway shares. When asked about selling his stake after stepping down as CEO, Buffett made it clear that he has no plans to do so. Speaking at the end of the annual shareholders' meeting, he said, "Let me make it clear, the decision to hang onto every share is an economic decision because I believe Berkshire's potential under Greg surpasses that under me."
In 1965, Buffett, only 35 at the time, acquired a controlling stake in Berkshire Hathaway, a struggling textile manufacturer. Over the years, he transformed the company into an investment and insurance holding company, amassing a portfolio that includes companies like American Express, Bank of America, Apple, Chevron, Coca-Cola, and more. In 2024, Berkshire Hathaway made history by becoming the first American company outside the technology sector to surpass a market capitalization of $1 trillion[4].
Upon his death, Buffett has planned for his fortune to be directed towards a newly established charitable foundation, which will be managed by his three children. The funds will go towards aiding those who have not been as fortunate as Buffett and his family[4].
Forbes previously estimated Buffett's wealth to be around $154 billion[5]. If you're eager to stay updated on this fascinating story, be sure to follow us for more intriguing news about Warren Buffett and Berkshire Hathaway.
Sources:1. RBC report2. CNBC report3. Bloomberg report4. The Wall Street Journal interview5. Forbesestimation
In light of his decision to step down as CEO, Warren Buffett recommended Greg Abel to take over the position, highlighting his interest in Abel's leadership for Berkshire Hathaway's future. Buffett, a seasoned investor, owns significant Berkshire Hathaway shares and has expressed no intentions of selling them, believing in Abel's potential to surpass his own leadership.
