Warren Buffett is stepping down as chairman of Berkshire Hathaway, the $1 trillion conglomerate announced on Sep. 18. He will become chairman emeritus, effective immediately, while remaining a board director as his son Howard replaces him as chairman. The "Oracle of Omaha" led Berkshire Hathaway for nearly six decades until March 2025, when he announced his exit as CEO, and during his tenure he turned the company from a struggling textile business into a trillion-dollar conglomerate spanning insurance, energy, and technology. Buffett's long-standing skepticism of cryptocurrencies still resonates: in 2018 he called Bitcoin "probably rat poison squared" and said he would not even take a short position on Bitcoin futures, though Bitcoin was trading below $10,000 at the time and is now at $80,246, eight times higher. Berkshire Hathaway never directly invested in crypto, and it exited its entire stake in the crypto-friendly digital bank Nubank in the first quarter of 2025.
Berkshire Hathaway IncBuffett steps down as chairman to chairman emeritus, a leadership change with no clear positive or negative operational driver stated
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