Famous investor and Berkshire Hathaway Chairman Warren Buffett announced that he will step down as CEO by the end of this year, with Vice Chairman Greg Abel set to succeed him. Buffett, 94, made the announcement during Berkshire Hathaway’s annual shareholder meeting, adding that he will not sell a single share of Berkshire stock.
Buffett's decision comes amid a lifetime of leadership at Berkshire Hathaway, where he transformed a struggling textile mill into one of the world’s most valuable conglomerates. He is widely regarded not only for his investment acumen but also for his personal integrity and long-term thinking.
In reflecting on his journey, Buffett has often credited his late wife, Susan Buffett , as the most important influence in his life and success, according to an ET report. “What happened with me would not have happened without her,” Buffett said in HBO’s 2017 documentary Becoming Warren Buffett. The couple married in 1952 and had three children—Susie, Howard, and Peter—before Susan’s death in 2004 from a cerebral haemorrhage.
Buffett has repeatedly emphasized the importance of choosing the right life partner. “Marry the right person. I’m serious about that,” he said during a 2009 Berkshire annual meeting. “It will make more difference in your life. It will change your aspirations, all kinds of things.”
In a 2017 conversation with Bill Gates, Buffett echoed that sentiment: “You want to associate with people who are the kind of person you’d like to be. You’ll move in that direction. And the most important person by far in that respect is your spouse.”
Buffett’s unique personal life has drawn attention over the years. Despite being married to Susan until her death, he fell in love with Astrid Menks, whom Susan had befriended and later introduced to Warren. Despite their physical separation, with Susan residing on the West Coast, they maintained their marriage and remained deeply connected to one another. After Susan moved to San Francisco, she asked Astrid, then working at a local restaurant, to help look after Warren. Astrid later became Buffett’s long-time companion and second wife.
“She is a very helping, giving person,” Susan told Charlie Rose in a 2004 interview, explaining how Astrid came to care for Buffett. “She’s really a good soul.”
Buffett's legacy as one of the most influential investors in history is tightly interwoven with both his professional brilliance and deeply personal relationships—especially with Susan, whom he often described as the second of only two major turning points in his life. The first, he says, was being born.
As Buffett prepares to hand over the reins of Berkshire Hathaway to Greg Abel, his advice to future generations remains grounded in humility: choose the right people, both in life and business.
Buffett's decision comes amid a lifetime of leadership at Berkshire Hathaway, where he transformed a struggling textile mill into one of the world’s most valuable conglomerates. He is widely regarded not only for his investment acumen but also for his personal integrity and long-term thinking.
In reflecting on his journey, Buffett has often credited his late wife, Susan Buffett , as the most important influence in his life and success, according to an ET report. “What happened with me would not have happened without her,” Buffett said in HBO’s 2017 documentary Becoming Warren Buffett. The couple married in 1952 and had three children—Susie, Howard, and Peter—before Susan’s death in 2004 from a cerebral haemorrhage.
Buffett has repeatedly emphasized the importance of choosing the right life partner. “Marry the right person. I’m serious about that,” he said during a 2009 Berkshire annual meeting. “It will make more difference in your life. It will change your aspirations, all kinds of things.”
In a 2017 conversation with Bill Gates, Buffett echoed that sentiment: “You want to associate with people who are the kind of person you’d like to be. You’ll move in that direction. And the most important person by far in that respect is your spouse.”
Buffett’s unique personal life has drawn attention over the years. Despite being married to Susan until her death, he fell in love with Astrid Menks, whom Susan had befriended and later introduced to Warren. Despite their physical separation, with Susan residing on the West Coast, they maintained their marriage and remained deeply connected to one another. After Susan moved to San Francisco, she asked Astrid, then working at a local restaurant, to help look after Warren. Astrid later became Buffett’s long-time companion and second wife.
“She is a very helping, giving person,” Susan told Charlie Rose in a 2004 interview, explaining how Astrid came to care for Buffett. “She’s really a good soul.”
Buffett's legacy as one of the most influential investors in history is tightly interwoven with both his professional brilliance and deeply personal relationships—especially with Susan, whom he often described as the second of only two major turning points in his life. The first, he says, was being born.
As Buffett prepares to hand over the reins of Berkshire Hathaway to Greg Abel, his advice to future generations remains grounded in humility: choose the right people, both in life and business.
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