Warren Buffett Resigns as Chairman of Berkshire Hathaway After 60 Years

WHO:

Fortune - Howard Buffett, 71, has been a Berkshire director for 33 years, since 1993.

Fortune - Howard Buffett, 71, has spent most of his life doing things that look nothing like his father’s career, including farming and serving as a sheriff.

CNN - Buffett's net worth is reported to be $145 billion, according to Bloomberg’s Billionaire Index.

Bloomberg Markets - Howard Buffett is well-versed in corporate governance as he takes over for his father as chairman of Berkshire Hathaway Inc.

CNBC - Howard Buffett will replace Warren Buffett as chairman under Berkshire’s long-standing succession plan.

CNBC - Greg Abel remains CEO of Berkshire Hathaway.

CNBC - Susan Decker continues as lead independent director of Berkshire Hathaway.

Bloomberg Markets - Warren Buffett will be replaced by his son Howard as chairman of Berkshire Hathaway.

IJR - Greg Abel remains CEO of Berkshire Hathaway.

CNBC - Susan Decker continues as lead independent director of Berkshire Hathaway.

IJR - Howard Buffett has been elected as the new chairman of Berkshire Hathaway, succeeding Warren Buffett.

CBS News Finance - Warren Buffett announced his resignation as chairman of Berkshire Hathaway.

NBC News - Warren Buffett has been a guiding figure for Berkshire Hathaway for over 60 years.

WHAT:

ABC News - Warren Buffett has served as chairman since 1970.

CNBC - Buffett's decision to step down comes a little more than nine months after Greg Abel took over as CEO.

Bloomberg Markets - Buffett's tenure at Berkshire Hathaway has lasted approximately 56 years.

Fortune - Howard Buffett operates a 1,500-acre family farm in Pana, Illinois, and has foundation-run research farms spanning more than 1,500 acres in Arizona and over 9,200 acres in South Africa.

Fortune - Howard Buffett has held elected office as a Douglas County, Nebraska commissioner from 1989 to 1992 and as Sheriff of Macon County, Illinois, from September 2017 to November 2018.

CNN - Buffett's will stipulates that more than 99% of his wealth at the time of his death is to be distributed to various charities, with received donations totaling $60 billion by 2025.

CNBC - Buffett's decision to step down as chairman comes a little more than nine months after Greg Abel took over as CEO.

CNBC - Buffett stated, "He has, however, been generous with me. He has given me the opportunity to see Berkshire reach a point where I am more confident than ever about what lies ahead."

CNBC - Buffett described Howard as "a policy the shareholders own and hope never to claim against."

CNBC - Buffett's legacy in building the Omaha, Nebraska-based Berkshire is described as "unparalleled in corporate America."

CNBC - Berkshire Hathaway reported $44.5 billion in operating earnings last year.

CNBC - Buffett's tenure at Berkshire resulted in a 19.7% compounded annual return to shareholders.

CNBC - Berkshire Hathaway had nearly 400,000 employees under Buffett's leadership.

Bloomberg Markets - Warren Buffett's resignation marks the end of roughly six decades at the helm of the conglomerate.

Inc - Attention is now turning to what is next for Berkshire Hathaway following the enactment of Buffett's succession plan.

CNBC - Buffett first announced his exit as CEO at Berkshire's annual meeting in May 2025, shocking the crowd of thousands at the time despite his advanced age.

CNBC - Buffett stated, "Greg runs the company; Howard will guard its culture and values — both worth more than anything on our balance sheet."

CNBC - Buffett's legacy in building Berkshire is described as "unparalleled in corporate America."

CNBC - Berkshire under Buffett's tenure posted a 19.7% compounded annual return to shareholders, nearly double the return of the S&P 500.

CNBC - Warren Buffett announced his resignation as chairman of Berkshire Hathaway in a letter to shareholders.

CNBC - Buffett will become chairman emeritus, effective immediately, while remaining a director on the board.

CNBC - Buffett's decision to step down comes a little more than nine months after Greg Abel took over as CEO.

Bloomberg Markets - Warren Buffett has served as chairman since 1970.

Bloomberg Markets - Buffett's tenure at Berkshire Hathaway has lasted approximately 56 years.

CNBC - Warren Buffett stated, "He has, however, been generous with me. He has given me the opportunity to see Berkshire reach a point where I am more confident than ever about what lies ahead."

CNBC - Buffett described Howard as "a policy the shareholders own and hope never to claim against."

CNBC - Warren Buffett has led Berkshire Hathaway since 1965.

CNBC - Berkshire Hathaway is valued at $1 trillion.

CNBC - Buffett's tenure at Berkshire resulted in a 19.7% compounded annual return to shareholders.

CNBC - Berkshire Hathaway had nearly 400,000 employees under Buffett's leadership.

CNBC - Warren Buffett will become chairman emeritus, effective immediately, while remaining a director on the board.

CNBC - Berkshire Hathaway reported $44.5 billion in operating earnings last year.

Drudge Report - Buffett is stepping down as chairman of Berkshire Hathaway.

ABC News - Buffett has served as chairman for more than 50 years.

WHERE:

NBC News - Berkshire Hathaway is a firm that has made Buffett a household name for millions of investors worldwide.

WHEN:

CBS News Finance - Buffett announced his resignation in a letter to shareholders on a Friday.

WHY:

BBC - Buffett noted in his statement that the timing is right to complete the transition, mentioning he recently celebrated his 96th birthday and the first birthday of one of his great-grandchildren.

ABC News - The reasons for Buffett's resignation were not detailed in the articles.

HOW:

BBC - Buffett noted in his statement that the timing is right to complete the transition, mentioning he recently celebrated his 96th birthday and the first birthday of one of his great-grandchildren.

Fortune - Howard Buffett's role at Berkshire is to serve as a check against any future leadership that might try to unwind Berkshire's buy-and-hold investment stance and the autonomy it gives the businesses it owns.

CNN - Buffett acknowledged in his letter that CEO Greg Abel has exceeded his expectations, contributing to his decision to step down.

CNBC - Buffett stated, "Father Time always wins," in his letter to shareholders regarding his resignation.

CNBC - Buffett described his decision as influenced by "one person" who played a critical role in the timing of his resignation.

CNBC - Buffett stated, "The culture Warren built and the values he championed will remain at the heart of Berkshire, and Howard will be their guardian."

Bloomberg Markets - Buffett stated, "Think of Howard as a policy the shareholders own and hope never to claim against."

CNBC - Buffett's decision to step down as chairman comes a little more than nine months after Greg Abel took over as CEO.

CNBC - Buffett stated, "The culture Warren built and the values he championed will remain at the heart of Berkshire, and Howard will be their guardian."

CNBC - Warren Buffett stated, "Father Time always wins," in his letter to shareholders regarding his resignation.

CBS News Finance - Buffett communicated his decision through a letter to shareholders.

(UPDATED September 19, 2026 05:57 UTC)

Warren Buffett has announced his decision to step down as chairman of Berkshire Hathaway, a role he has held since 1970, marking the end of approximately 56 years of leadership. This change comes just over nine months after Greg Abel took over as CEO, and Buffett, who recently celebrated his 96th birthday, stated that the timing feels right to complete the transition. Howard Buffett, who has been a director at Berkshire for 33 years, will continue to serve in his role as the company moves forward.

(UPDATED September 19, 2026 02:05 UTC)

Howard Buffett, who has spent much of his life pursuing a path different from his father's, operates a 1,500-acre family farm in Pana, Illinois, along with foundation-run research farms in Arizona and South Africa. He has also held elected office, serving as a Douglas County commissioner from 1989 to 1992 and as Sheriff of Macon County, Illinois, from September 2017 to November 2018. At Berkshire, Howard's role is crucial, as he acts as a safeguard against any future leadership that may attempt to alter the company's buy-and-hold investment strategy and the autonomy granted to its owned businesses.

(UPDATED September 18, 2026 21:58 UTC)

Warren Buffett's net worth is reported to be $145 billion, according to Bloomberg’s Billionaire Index. In his will, Buffett has specified that over 99% of his wealth at the time of his death will be distributed to various charities, with donations expected to total $60 billion by 2025. He recently celebrated his 96th birthday and noted that CEO Greg Abel has exceeded his expectations, which influenced his decision to step down.

(UPDATED September 18, 2026 20:59 UTC)

Warren Buffett has announced his decision to step down as chairman of Berkshire Hathaway, just over nine months after Greg Abel took the reins as CEO. In his statement, Buffett expressed gratitude for the opportunity to witness the company's growth, saying he feels more confident than ever about its future. Under Buffett's leadership, Berkshire Hathaway achieved an impressive $44.5 billion in operating earnings last year and delivered a remarkable 19.7% compounded annual return to shareholders, all while employing nearly 400,000 people.

(UPDATED September 18, 2026 19:57 UTC)

Warren Buffett has officially resigned as chairman of Berkshire Hathaway Inc., concluding nearly sixty years of leadership at the conglomerate. His son, Howard Buffett, is set to take over the role, bringing his expertise in corporate governance to the position. In his letter to shareholders, Buffett reflected on his decision, stating, "Father Time always wins," as attention shifts to the future of the company under its new leadership.

(UPDATED September 18, 2026 18:57 UTC)

Warren Buffett's exit as CEO of Berkshire Hathaway, first announced at the company's annual meeting in May 2025, surprised thousands in attendance, despite his advanced age. In his statement, Buffett emphasized that Greg would run the company while Howard would safeguard its culture and values, which he deemed more valuable than anything on the balance sheet. Buffett's legacy is marked by an unparalleled impact on corporate America, with Berkshire achieving a remarkable 19.7% compounded annual return to shareholders during his tenure, nearly double that of the S&P 500.

(UPDATED September 18, 2026 17:59 UTC)

Warren Buffett has announced his resignation as chairman of Berkshire Hathaway, effective immediately, and he will transition to the role of chairman emeritus while remaining a board director. Under the company's succession plan, Howard Buffett will take over as chairman, with Greg Abel continuing as CEO and Susan Decker serving as the lead independent director. Buffett expressed confidence in the future, stating, "The culture Warren built and the values he championed will remain at the heart of Berkshire, and Howard will be their guardian."

(UPDATED September 18, 2026 16:00 UTC)

Warren Buffett will be replaced by his son Howard as chairman of Berkshire Hathaway, marking the end of Buffett's remarkable tenure that began in 1970 and lasted approximately 56 years. In announcing the transition, Buffett described Howard as "a policy the shareholders own and hope never to claim against." This change signals a new chapter for the company as it moves forward under Howard's leadership.

(UPDATED September 18, 2026 14:57 UTC)

Warren Buffett has announced his decision to step down as chairman of Berkshire Hathaway, just over nine months after Greg Abel took the reins as CEO. In his remarks, Buffett expressed gratitude for the opportunity to witness the company's growth, stating, "He has, however, been generous with me," and emphasized his confidence in Berkshire's future. Meanwhile, Susan Decker will continue her role as lead independent director, ensuring stability in the company's leadership.

(UPDATED September 18, 2026 13:59 UTC)

Warren Buffett has led Berkshire Hathaway since 1965, and under his leadership, the company has reached a remarkable valuation of $1 trillion. Buffett's tenure has resulted in a compounded annual return of 19.7% for shareholders, while nearly 400,000 employees have worked under his guidance. In a recent statement, Buffett emphasized that "the culture Warren built and the values he championed will remain at the heart of Berkshire, and Howard will be their guardian."

(UPDATED September 18, 2026 13:02 UTC)

Howard Buffett has been elected as the new chairman of Berkshire Hathaway, taking over from Warren Buffett, who will now serve as chairman emeritus while remaining a director on the board. Last year, Berkshire Hathaway reported impressive operating earnings of $44.5 billion. In his letter to shareholders, Warren Buffett remarked, "Father Time always wins," reflecting on his transition from the role of chairman.

(UPDATED September 18, 2026 11:57 UTC)

Warren Buffett has announced his resignation as chairman of Berkshire Hathaway, a firm that has made him a household name for millions of investors worldwide. Having served in this role for over 50 years, Buffett communicated his decision in a letter to shareholders on a Friday, although the reasons for his departure were not detailed. Buffett has been a guiding figure for Berkshire Hathaway for more than 60 years, leaving a significant legacy in the world of finance.