“The American billionaire Warren Buffet at the age of 94 is completing his career and at the end of 2025 he will leave the post of CEO of Berkshire Hathaway, which has been built for 60 years.”, – WRITE: www.pravda.com.ua
Source: Reuters
Details: Buffette announced this on May 3 at a Berkshire annual meeting in Omaha, where the holding headquarters is based.
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His successor will be the Vice Head of the Holding Greg Abel, who controls most of the company’s investments.
Reuters notes that Buffette is completing his era in Berkshire after 60 years headed by a company who made him “a multimillard and American history of success.”
Buffett said that after his authority, he would all “stay in the company and may be useful in several cases”, but the “last word” will be behind Abel.
Literally Reuters: “The decision to resign completes a prominent 60-year path, during which Buffett turned Berkshire from a failed textile company into a conglomerate worth $ 1.16 trillion with business in various sectors of the American economy.”
Details: According to Forbes, the herds of the buffet itself are $ 168.2 billion, almost all of them are in Berkshire.
Buffette stated that he did not intend to sell any of his Berkshire shares, almost all of which would be donated after his death.
Reference: Berkshire Hathaway Holding Company is engaged in investment and insurance. It controls more than 40 companies in sectors such as financial services, confectionery production, publishing, jewelry, furniture, carpets, building materials, etc.