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Warren Buffett Announces Retirement Plans, Names Successor

Published on May 3, 2025
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Copyright 2025 The Associated Press. All Rights Reserved.

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Copyright 2025 The Associated Press. All Rights Reserved.

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Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview with Liz Claman on Fox Business Network's "Countdown to the Closing Bell," May 7, 2018, in Omaha, Neb. (AP Photo/Nati Harnik, File)

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Berkshire Hathaway Vice Chairman Greg Abel is seen at the CenturyLink Center in Omaha, Neb., on May 5, 2018. (AP Photo/Nati Harnik, File)

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Berkshire Hathaway Vice Chairman Greg Abel poses for pictures with shareholders while touring the booths Berkshires companies set up, Friday, May 3, 2024, in Omaha, Neb. (AP Photo/Josh Funk, File)

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Shareholders arrive outside CHI Health Center Omaha for the Berkshire Hathaway annual meeting Saturday, May 3, 2025, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)

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From front, shareholders Haibo Liu, Liyang Jiang and Cheng Guo of China rest in sleeping bags outside CHI Health Center Omaha for the Berkshire Hathaway annual meeting Saturday, May 3, 2025, in Omaha, Neb. The group arrived at 11 p.m. the night before to retain a spot at the front of the line. (AP Photo/Rebecca S. Gratz)

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Shareholders wait in line outside CHI Health Center Omaha for the Berkshire Hathaway annual meeting Saturday, May 3, 2025, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)

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Squishmallows in the likeness of Warren Buffett, left, and Charlie Munger sit on display and for sale in the Jazwares booth at CHI Health Center Omaha for the Berkshire Hathaway annual meeting Saturday, May 3, 2025, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)

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Boxes of See's Candies featuring an image of Warren Buffett at a campsite with See's Candies' namesake Mrs. See in CHI Health Center Omaha for the Berkshire Hathaway annual meeting Saturday, May 3, 2025, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)

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Marcy Gomez of Pasadena, Cal., does yoga with fellow See's Candies employees before doors open to shareholders at CHI Health Center Omaha for the Berkshire Hathaway annual meeting Saturday, May 3, 2025, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)

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Kevin Gao of San Francisco sorts through his bag of Squishmallows from the Jazwares booth in CHI Health Center Omaha for the Berkshire Hathaway annual meeting Saturday, May 3, 2025, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)

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Sean DeFendi of Virginia Beach, left, watches over the GEICO Gecko as he uses the Flight Safety International flight simulator in CHI Health Center Omaha for the Berkshire Hathaway annual meeting Saturday, May 3, 2025, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)