Omaha-based investment giant Berkshire Hathaway's esteemed Chief Executive Officer (CEO), Warren Buffett, is set to transition from his role by the close of business on Wednesday, December 31, 2025. The billionaire value investor will then assume a new position as the company's Chairman. This significant leadership change was officially announced by Buffett himself during the company's 60th shareholders meeting, confirming a long-anticipated succession plan.

Mint previously reported on May 5, 2025, that Greg Abel, who currently serves as the Vice Chairman of Berkshire Hathaway, has been named as Buffett's successor for the CEO position. Abel's tenure as CEO will officially commence on January 1, 2026. He is poised to take the helm of a vast conglomerate that boasts nearly 400,000 employees across numerous diverse sectors.

Warren Buffett's legacy at Berkshire Hathaway is monumental. He transformed the entity from a struggling New England textile mill into a global powerhouse. His journey began in 1962 when he acquired shares at $7.60 apiece. As of the US stock market close on December 30, 2025, Berkshire Hathaway Class A stocks were valued at an impressive $755,400 per share, as reported by MarketWatch data. Under Buffett's leadership, Berkshire shares have recorded an astounding gain of over 4,000,000%.

As of December 31, 2025, Warren Buffett's personal net worth stands at $152 billion, positioning him as the 10th richest individual globally, according to the Bloomberg Billionaire Index. In 2025 alone, his net worth saw a substantial 6.7% increase, equating to a $9.54 billion rise year-to-date, with a recent addition of $833 million to his fortune.

Buffett's strategic brilliance in heading Berkshire Hathaway is well-documented. He consistently outpaced S&P 500 returns by skillfully acquiring various companies, including insurance giants like Geico and National Indemnity, along with diverse businesses such as Iscar Metalworking and Dairy Queen. He is also renowned for his long-term, cornerstone investments in blue-chip companies like American Express, Coca-Cola, and Apple.

Leaders in the financial world have often drawn inspiration from Warren Buffett's philosophy. Larry Restieri, CEO of wealth management firm Hightower, shared with CNN Business that he learned from Buffett that