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Warren Buffett Steps Down as Berkshire CEO
Greg Abel, a longtime Berkshire Hathaway executive, takes over as CEO following Warren Buffett's six-decade leadership, overseeing a $1.07 trillion company with $381 billion cash reserves.
- On Jan. 1, 2026, Warren Buffett stepped down as CEO and Greg Abel succeeded him while Buffett remains chairman, ending Buffett's more than 55-year run at Berkshire Hathaway.
- Greg Abel was long identified as Buffett's successor and has overseen non-insurance operations after joining Berkshire in 1999 and serving as vice chairman since 2018, while Warren Buffett, age 95, and the death of Charlie Munger in 2023 framed the planned transition.
- The company exits Buffett's daily stewardship as a $1.08 trillion conglomerate with a cash reserve of $381.67 billion and debt of $127.24 billion.
- Berkshire Hathaway's Class B shares moved higher on Tuesday, closing at $503.71, amid mixed investor reactions to Buffett's departure, with some selling and others eyeing January buying opportunities.
- Greg Abel inherits a portfolio with five top holdings comprising almost 65%, including Apple, valued at more than $65 billion, amid Berkshire's 12 quarters of net selling.
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Buffett Steps Down as Berkshire CEO, 6.1M% Return Greg Abel becomes new CEO, ending 60-year tenure with unprecedented stock growth According to the Wa
(Seoul = Yonhap News) Reporter Kim A-ram = Legendary American investor Warren Buffett (95) has been the CEO of Berkshire Hathaway (hereinafter referred to as Berkshire), which he has led for 60 years...
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Total News Sources109
Leaning Left18Leaning Right14Center48Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 23%
C 60%
R 17%
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