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Warren Buffett Steps Down As Berkshire Hathaway CEO

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This is hilarious.

Warren Buffett announced Saturday that he will be stepping down as CEO of Berkshire Hathaway by the end of the year. The billionaire investor named Greg Abel, who currently serves as vice chairman, as his successor.

“I think the time has arrived where Greg should become the chief executive of the company at year end,” Buffett said at Berkshire’s annual meeting. Abel, 62, has served as the firm’s vice chair since 2018.

Buffett, 94, said he would “hang around” the conglomerate after he steps down as CEO, according to a report from CNBC. The investment guru said he has no plans to sell his shares of Berkshire Hathaway, which are expected to be donated after his death.

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“I would add this, the decision to keep every share is an economic decision because I think the prospects of Berkshire will be better under Greg’s management than mine,” Buffett said during the meeting.

After making his announcement, the investor received a lengthy standing ovation in honor of 60 years of tenure with the company, CNBC reported.

Buffett has long been prepping Abel, who joined the firm’s Berkshire Hathaway Energy in 1992 when it was then known as MidAmerican Energy, eight years before it was taken over by Berkshire. “The directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning,” Buffett told CNBC in 2021.

Buffett took over Berkshire Hathaway in 1965 with business partner Charlie Munger, which at the time was a failing textile company. Munger passed away in 2023.

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As of 2025, the conglomerate is worth more than $1 trillion, while Buffett boasts a net worth of more than $168 billion. The billionaire has long lived a modest lifestyle at his Nebraska home he bought for $31,500 in 1958., however.

His son, Howard, is also expected to succeed him as non-executive chairman of Berkshire.

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WATCH: Secret Service Agent Forcefully SHOVES Suspicious Man Away from Ivanka Trump

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A recent incident involving Ivanka Trump saw a Secret Service agent forcibly pushing a suspicious man away from her. The video, which has gone viral, shows the agent taking swift action to ensure her safety.

On Saturday evening, a tense moment unfolded when a suspicious man approached Ivanka Trump and Jared Kushner as they were leaving a Miami event. The man, carrying a manila folder, walked too close to Ivanka and put his arm on her bodyguard, prompting the Secret Service agent to forcefully shove him away.

The man, seemingly upset, pushed back against the agent, but the agent responded swiftly by shoving him in return, sending the man stumbling back. Witnesses captured the incident on video, with bystanders clearly shocked by the sudden confrontation.

This situation, shared widely online, sparked debate over the agent’s actions. Some believe the agent’s response was too aggressive, possibly a result of heightened stress from the demanding nature of Secret Service work. However, many agree that the agent acted appropriately to protect Ivanka and Jared in a potentially dangerous moment.

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The incident took place as Ivanka and Jared were leaving a high-profile event in Miami during the F1 Miami Race Week. The man’s behavior raised serious questions about his intentions, especially after he touched the agent and then pushed back when confronted. His actions could have escalated much worse, and many on social media praised the Secret Service for staying vigilant.

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President Trump Taking Action On Tina Peters

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President Trump is reportedly taking action regarding Tina Peters, the Mesa County Clerk who became a controversial figure due to her involvement in election security issues. Details on the nature of Trump’s involvement are still developing, but it’s clear he’s addressing the situation head-on.

President Trump has announced that he is taking action to free Tina Peters, a 69-year-old Gold Star mother from Colorado, who was sentenced to nine years in prison for her efforts to expose alleged election fraud in 2020. Peters was convicted of several felonies related to unauthorized access to state voting machines, but Trump has called her a political prisoner, accusing the left of persecuting her to cover up election misconduct. He has directed the Department of Justice to take all necessary steps to secure her release, emphasizing her unjust treatment and poor health while incarcerated.

Tina Peters, who fought to preserve election integrity, has become a symbol of what Trump deems a political agenda targeting those who challenge the system. Trump’s call for her release has garnered support from figures like Kari Lake, and a friend of Trump’s, Peter Ticktin, has filed a brief citing severe health concerns and the violation of her rights during her detention.

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President Trump Says Major Announcement “As Big As It Gets” Coming Thursday or Friday!

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President Trump has teased a major announcement, claiming it will be “as big as it gets.” The announcement is expected to come either Thursday or Friday, sparking widespread speculation about its significance.

Get ready for something huge! President Trump has revealed that he’s about to make an announcement so big, he says it’s “as big as it gets.” He shared that the announcement will be made either Thursday, Friday, or Monday, and assured everyone that it’s incredibly positive news. While he’s keeping the specifics under wraps, Trump promised it will be one of the most important announcements in recent years, leaving many to speculate about what it could be—whether it’s a major trade deal, a breakthrough in the Epstein case, or even a deal for Greenland. The suspense is building!

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