Warren Buffett is losing control of Berkshire Hathaway, and hedge fund manager Bill Ackman says it’s time for a new era. The 94-year-old “Oracle of Omaha” has led Berkshire for decades, but ...

People watch as Berkshire Hathaway chairman Warren Buffett is seen on a screen speaking at the Berkshire Hathaway Inc annual shareholders' meeting, in Omaha, Nebraska, U.S., May 3, 2025.

Warren Buffett’s Berkshire joined six other US companies with a market value above $1 trillion. AP Buffett, who turns 94 on Friday, has run Omaha, Nebraska-based Berkshire since 1965.

Warren Buffett will step down as Berkshire Hathaway CEO at the end of 2025, paving the way for longtime successor, vice chairman Greg Abel, to take the reins.

OMAHA, Neb. (AP) — Billionaire Warren Buffett will remain chairman of the board at Berkshire Hathaway when vice chairman Greg Abel takes over for Buffett as CEO at the start of 2026.

People watch as Berkshire Hathaway chairman Warren Buffett is seen on a screen speaking at the Berkshire Hathaway Inc annual shareholders' meeting, in Omaha, Nebraska, U.S., May 3, 2025.