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BusinessUpdated 23h ago

Warren Buffett stepping down as chairman of Berkshire Hathaway: 'Father Time always wins'

Mr. Buffett, 71, is succeeding his father, Warren, but will not be running the company’s day-to-day operations.

17 reportsfrom13 outlets

What Happened

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  • Mr. Buffett, 71, is succeeding his father, Warren, but will not be running the company’s day-to-day operations.
  • Buffett's son, Howard, will replace him as chairman as dictated by a long-standing succession plan, Berkshire said.

Confirmed

  • Who Is Howard Buffett, the New Berkshire Hathaway Chairman?Evidence: The New York Times, CBS News
  • Warren Buffett stepping aside as Berkshire Hathaway chairmanEvidence: The New York Times, CBS News
  • Warren Buffett is stepping down as Berkshire Hathaway chairman effective immediately. The 96-year-old billionaire's son, Howard, will become Berkshire's new chairman.Evidence: The New York Times, CBS News
  • Warren Buffett steps down as Berkshire Hathaway chairman, after holding the post since 1970Evidence: The New York Times, CBS News
  • Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role at the $1 trillion conglomerate for more than 50 years.Evidence: The New York Times, CBS News
  • Warren Buffett Steps Down as Berkshire Hathaway ChairmanEvidence: The New York Times, CBS News

Still Uncertain

Timeline

  1. 01
    Warren Buffett stepping down as chairman of Berkshire Hathaway: 'Father Time always wins'

    Buffett's son, Howard, will replace him as chairman as dictated by a long-standing succession plan, Berkshire said.

    Sep 18, 2026Multiple outlets reported the same developmentEvidence: The New York Times, CBS News, PBS NewsHour

Material Impact

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Evidence: The New York Times, CBS News