Warren Buffett Steps Down As Berkshire Chairman

DW World · world

Warren Buffett, 96, is stepping down as chairman of Berkshire Hathaway, the company announced Friday. His son, Howard Buffett, 71, will succeed him in the role. Buffett had previously stepped down as CEO last year, with Greg Abel taking over that position. Buffett purchased Berkshire Hathaway in 1965 and transformed it into a conglomerate worth over $1 trillion. He is known as the "Oracle of Omaha" and is Forbes' 10th-richest person.