Every year, thousands of Berkshire Hathaway shareholders gather from all over the world to hear the latest ideas and musings of Warren Buffett. It became known that the group will be led by Greg Abel, the vice chairman of the company in charge of non-insurance operations, at the annual shareholders' meeting in Omaha, Nebraska.
For six decades, Buffett has transformed Berkshire Hathaway into an investment empire valued at $1.16 trillion. The annual meeting has long been known as the "Woodstock for capitalists." Billionaire Warren Buffett announced that he will step down as CEO of Berkshire Hathaway by the end of 2025 after 55 years of leading the company.
