
One of the world's most famous investors, American billionaire Warren Buffett, has announced his resignation as CEO of Berkshire Hathaway. Buffett made the announcement at the company's annual meeting of shareholders.
The 94-year-old Buffett has recommended his deputy Greg Abel as the new chairman. At the same time, he said that he has no plans to leave the company completely or sell his shares, and stressed that he will continue to participate in Berkshire Hathaway.
Warren Buffett is one of the richest people in the world, and in the latest annual ranking of Forbes magazine, his total capital is estimated at $ 159 billion. He has accumulated his huge fortune through many successful investments.
Buffett first bought Berkshire Hathaway in 1965, when the company was a small textile factory in his native Nebraska. Buffett quickly turned it into a major international company in the investment and insurance sectors, increasing its market value to more than a trillion dollars.
Berkshire Hathaway is currently one of the most influential and valuable companies in the world. After Buffett's decision, Greg Abel will be the main person who will determine the future development of the company and its investment strategy.
Warren BuffettBerkshire HathawayGreg AbelInvestment StrategyShareholder MeetingBusiness Leadership News
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