Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years.
Mr. His son, Howard, will become Berkshire Hathaway’s new chairman. Buffett, 96, will become chairman emeritus and will take on his new role immediately, the company said Friday (September 19, 2026). Howard Buffett has been on the Berkshire Hathaway board since 1993.
“Think of Howard as a policy the shareholders own and hope never to claim against. Buffett’s fortune has been amassed through Berkshire Hathaway stock. It was worth more than $140 billion in July 2026.
“Greg runs the company; Howard will guard its culture and values – both worth more than anything on our balance sheet,” he said.
“Sixty-plus years in, I still have the best job in the world. That is not something many people my age can say, and I have never felt better about what comes next. Mr.
“I have served Berkshire since 1965,” Mr. Buffett said in a letter to shareholders. Buffett said that he is confident in Abel and his son Howard leading Berkshire Hathaway.
