-I think the time has come when Greg should become the company's general director at the end of the year-said 94-year-old Warren Buffett, and his words are cited by the BBC. The billionaire at the Saturday company meeting admitted that the only people who knew about his decision were two of his children, Howard and Susie Buffett.
See also: Warren Buffett chose new trustees. What about Fortune after death?
As BBC reports, Greg Abel, who was sitting next to Buffetta on the stage, was apparently surprised by this advertisement. The investor referred to as “Oraci from Omaha” chose Abel as his successor four years ago, but he did not give any tips that he would retire.
During a breakthrough announcement at the company meeting, Buffett added that he is not planning to sell any Berkshire shares. – I'm not going to sell a single Berkshire Hathaway action. Will be distributed He said when the crowd cheered.
The advertisement appeared when Buffet spoke against the duty of President Donald Trump. The investor-veteran told investors that the United States should not use “trade as a weapon”. – In my opinion, this is a big mistake when you have 7.5 billion people who do not like you very well, and you have 300 million, who boast about how they managed – said Buffett earlier during the meeting.
It happened. The legendary investor retires
As BBC points out, Warren Buffett, which was built by Berkshire Hathaway from the falling textile manufacturer for an investment moloch worth 1.16 trillion.is probably the investor in the world.
Berkshire Hathaway owns over 60 companiesincluding the insurer Geico, the Duracell battery manufacturer and the Dairy Queen restaurant chain. It also has significant shares, including at Apple, Coca Cola, Bank of America and American Express.
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Warren Buffett, who donated billions for charity, was classified by Bloomberg last month as the fourth richest person in the world, with net property of $ 154 billion.
See also: He gave a fortune worth $ 500 million. for something “infinitely valuable”. Buffett's son does not regret it
He earned his first money as a six -year -old, he bought the first shares at the age of 11, and submitted his first tax return at the age of 13. Despite being one of the richest people in the world, Buffett has lived in the same modest home in Omaha for over 65 years.
Who is Greg Abel?
Greg Abel is a 62-year-old businessman born in Edmonton, Albert. He is the president and general director of Berkshire Hathaway Energy and the Vice President for Berkshire Hathaway's non -insight operations, is to replace Buffetta at the beginning of 2026.
Over the past seven years, Abel has supervised the Berkshire railway line BNSF and its manufacturers of Sweets See's Candies and Dairy Queen, as well as dozens of other production and retail companies that Buffett has purchased over the years.
