URGENT UPDATE: Warren Buffett has confirmed he will “go quiet” as he prepares to step down as CEO of Berkshire Hathaway at year-end, endorsing his successor Greg Abel in an impactful letter to shareholders. This announcement, made on November 10, 2025, marks a significant turning point for the $1.07 trillion conglomerate, as Buffett emphasizes his ongoing support for Abel.
Buffett, 95, revealed he will cease writing annual reports and will transition communication responsibilities to Abel, who is set to lead Berkshire into a new era. In his farewell note, Buffett assured shareholders that he will maintain a substantial stake in the company, despite donating approximately $1.1 billion worth of shares to family foundations, which he has been actively engaged with.
Reflecting on recent fluctuations in Berkshire’s stock, Buffett stated he has complete faith in Abel, saying he has “more than met” expectations. “I can’t think of a CEO… that I would select over Greg to handle your savings and mine,” Buffett wrote, urging investors to give Abel time to build their confidence.
Abel, who is 63, will take over the writing of shareholder letters and preside over annual meetings, marking a significant shift in leadership. Buffett will remain as chairman, continuing to connect with shareholders, especially around the Thanksgiving holiday. He humorously noted, “As the British would say, I’m ‘going quiet,’” but reassured fans he feels good and is active at the office five days a week.
Buffett has transformed Berkshire from a struggling textile manufacturer into a powerhouse with nearly 200 businesses. His leadership since 1965 has been instrumental in the company’s growth and prosperity. As he steps back, he plans to expedite charitable giving to family foundations led by his children.
Despite the leadership change, Buffett insists this does not reflect any decline in Berkshire’s future potential. He expressed hope that shareholders will build the same level of trust in Abel that he and the late Charlie Munger enjoyed. “My children are already 100 percent behind Greg as are the Berkshire directors,” he stated.
Buffett’s legacy includes donating more than half of his Berkshire shares since 2006, primarily to the Gates Foundation, while still retaining close to 14 percent of the company’s stock. His current net worth is estimated at $148.2 billion, according to Forbes.
As Buffett prepares for this transition, investors and stakeholders alike are left to ponder the future of Berkshire Hathaway under Greg Abel’s leadership. The investment community is keenly watching for how this shift will unfold in the coming months. Shareholders are encouraged to stay informed as more updates emerge around this pivotal moment in Berkshire’s history.
