Chicago – November 10, 2025
Warren Buffett, legendary investor and CEO of Berkshire Hathaway, is set to retire at the end of 2025 after six decades at the helm. In his farewell letter to shareholders, Buffett announced he will be “going quiet,” stepping back from writing Berkshire’s annual reports and speaking extensively at annual meetings. He expressed confidence in his successor, Greg Abel, who will take over leadership of the $1.2 trillion conglomerate, describing Abel as a capable, hardworking, and honest manager.
Buffett reflected on his long career, his ties to Omaha, and his gratitude for a life marked by luck and fortunate circumstances. He is accelerating the transfer of his Berkshire shares to family foundations to ensure philanthropic goals are met after his retirement. Despite retiring from public communication roles, Buffett plans to keep in touch with shareholders annually through a Thanksgiving message.
The letter also shares wisdom on leadership, philanthropy, and the importance of kindness. Buffett’s retirement marks the end of an era, but he reassures shareholders that Berkshire Hathaway remains in strong hands under Greg Abel’s guidance.
