
Omaha, Nebraska Nov 10, 2025 (Issuewire.com) - The CEO of Berkshire Hathaway and shareholder, Warren Buffett, came for his annual message, which is a tradition from the year 1965. But this time, the 95-year-old CEO said he will be going quiet. Every year, he used to come up with a message for everyone, but not anymore. He stated that he will no longer prepare a message for the annual report. Instead of this, he will deliver an annual Thanksgiving message. In addition to that, he has also said he will give away a total of $149 billion in Berkshire Hathaway.
Right now, it is coming to be known that The Oracle of Omaha has become an investing icon. He has created a simple and traditional image throughout all these years with his letters to the shareholders. He has made a huge move among all the global investors with his initiative, and that is quite appreciated. Right now, Warren Buffett is working to be the cheerleader for ordinary Americans and the country.
Right after the annual report presentation, it is coming to know that he will be replaced by Greg Abel, 63, next year. He is the current Vice Chairman of the non-insurance operation in the company. He was the successor of Buffett and has been praised by the CEO himself. Warren Buffett has stated that he has more than met the high expectations I had for him when I first thought he should be Berkshires next CEO. Along with making this announcement, he has also given an update on his health condition. He said, surprise, I generally feel good. Though I move slowly and read with increasing difficulty, I am at the office five days a week, where I work with wonderful people.
Due to considering his age, Buffett said that he might not have much time left. And that is why he has converted a total of 1800 shares, worth nearly $1.35 billion, to the companys B Shares. And he has delivered them to four of his family foundations. He has even said, To improve the probability that they will dispose of what will essentially be my entire estate before alternate trustees replace them, I need to step up the pace of lifetime gifts to their three foundations. He is taking the initiative so the company can move on from him and make more developments in the coming years.
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Daniel Martin
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Source :Daniel Martin
This article was originally published by IssueWire. Read the original article here.
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