Warren Buffett Is Set to Step Down as Berkshire Hathaway CEO at the End of 2025: Here's What Will and Won't Change (and What Already Has)
It's the end of an era for the Oracle of Omaha.
It's been one heck of a ride for Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. Since taking the reins 60 years ago, he's overseen a nearly 20% annualized return in his company's Class A shares (BRK.A), which as of the closing bell on May 2 translates into a cumulative gain of 6,540,015%. To put this into perspective, the benchmark S&P 500 hasn't even delivered a 39,000% aggregate return over the same timeline, including dividends!
The Oracle of Omaha's penchant for ignoring short-term white noise and focusing on broad-stroke fundamental catalysts, as well as his unwavering-to-a-fault desire to get a good deal, has earned him a huge following on Wall Street.
But all good things must come to an end.
