Warren Buffett, one of the most influential figures in global finance, has officially announced his retirement from Berkshire Hathaway at the age of 94. After more than sixty years at the helm of the multinational conglomerate, Buffett is stepping down, marking the end of an era in American business. Known as the “Oracle of Omaha,” Buffett has been widely admired for his long-term investment strategies, simple yet profound financial wisdom, and his role in building Berkshire Hathaway into one of the world’s most successful companies.

During his tenure, Buffett transformed Berkshire Hathaway from a struggling textile manufacturer into a massive holding company with diverse investments in industries such as insurance, railroads, utilities, energy, food, and technology. Under his leadership, the company acquired stakes in well-known firms like Coca-Cola, Apple, American Express, and Geico, consistently delivering value to shareholders and earning Buffett a legendary reputation in the investment world.

Greg Abel, vice chairman of Berkshire Hathaway’s non-insurance operations, has been officially named as Buffett’s successor. Abel has long been viewed as the heir apparent and has played a critical role in overseeing some of the company’s largest subsidiaries, including Berkshire Hathaway Energy and the BNSF Railway. His deep understanding of the company’s culture and operations, combined with his proven leadership, is expected to ensure continuity and stability as Berkshire enters this new chapter.

In a statement, Buffett expressed confidence in Abel’s ability to lead, stating, “Greg is ready to lead Berkshire. I have no doubt about his ability and dedication.” Buffett also reassured shareholders that while he is stepping down from active management, Berkshire’s values, strategies, and long-term vision will remain intact.

The investment world is now reflecting on Buffett’s unparalleled legacy — a man who consistently prioritized integrity, patience, and value-driven investing. While his retirement marks a major transition, Berkshire Hathaway is positioned to move forward under Abel’s guidance, building on the foundation that Warren Buffett established over six remarkable decades.