Warren Buffett announces retirement from leading Berkshire Hathaway

Billionaire shocked audience of investors with disclosure and said his vice-chair, Greg Abel, should take overWarren Buffett, the billionaire investor and philanthropist, has announced his intention to retire at the end of this year. He is 94 years old.Buffett, the fifth-richest person in the world, shocked an arena full of shareholders on Saturday when he announced that he would step down as the CEO and chair of the trillion-dollar conglomerate Berkshire Hathaway at the end of 2025. He will rec