Warren Buffett’s Net Worth: How Much Money He Makes

Warren Buffett introduced his retirement because the CEO of Berkshire Hathaway in May 2025. The revelation got here six many years into his profession with the corporate, the place he’ll proceed to behave as chairman after he relinquishes his govt place. Thanks to 60 years with the corporate, Buffett changed into probably the most richest billionaires on the earth, racking up the 5th absolute best internet price on the earth, in keeping with Forbes.

Buffett met with Berkshire’s shareholders in May 2025, the place he broke the scoop of his determination to step down.

“Tomorrow, we’re having a board meeting of Berkshire, and we have 11 directors. Two of the directors, who are my children, Howie and Susie, know of what I’m going to talk about there,” Buffett started. “The rest of them, this will come as news to, but I think the time has arrived where Greg [Abel] should become the chief executive officer of the company at year end,”

Below, be informed extra about Buffett, his present internet price and the main points in the back of his retirement from Berkshire Hathaway.

Warren Buffett simply were given a 10 minute lengthy status ovation after saying his retirement.

Curtain name for the captain.

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— Spencer Hakimian (@SpencerHakimian) May 3, 2025

How Old Is Warren Buffett?

Buffett is 94 years previous as of May 2025.

Warren Buffett’s Net Worth

As of May 2025, Buffett has a internet price of $160.1 billion, in step with Forbes.

Why Is Warren Buffett Stepping Down From Berkshire Hathaway?

Buffett didn’t disclose the explanation why he made up our minds to step down as Berkshire’s CEO via the top of 2025. Instead, he curious about praising his successor, Greg Abel, and his functions as the long run CEO.

“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 graciously mentioned to an enviornment of shareholders in May 2025, in keeping with NBC News. “It’s working way better with Greg than with me because, you know, I didn’t want to work as hard as he works. I could get away with it because we’ve got a basically good business, very good business.”

Who Is Warren Buffett’s Successor?

Abel is a 62-year-old Canadian businessman, who has served because the vp of non-insurance operations of Berkshire Hathaway since January 2018. He has additionally been the CEO of Berkshire Hathaway Energy, a subsidiary of the corporate. 

Four years sooner than Buffett introduced his departure as CEO, he showed that Abel can be his successor in May 2021. At the time, Buffett advised CNBC, “The directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning.”