Warren Buffett, the “Oracle of Omaha,” has stepped down as CEO of Berkshire Hathaway at age 95, handing the reins to his longtime deputy Greg Abel.

Buffett spent 60 years transforming the struggling textile company into a global conglomerate with holdings ranging from insurance and railroads to Apple and Coca-Cola.

Despite retiring as CEO, he will remain chairman and continue sharing insights in annual shareholder letters.

Buffett’s folksy persona, philanthropy, and legendary investing success have made him both a financial giant and a national celebrity, NPR has reported.

Investors are cautiously optimistic, with Berkshire shares rising over 11% in 2025, though some uncertainty remains about the company’s future without him.