Warren Buffett has officially announced he will retire as the CEO of Berkshire Hathaway at the end of 2023, designating Greg Abel as his successor. During a lively meeting in Omaha, Buffett, who is 94 years old, shared that Abel has been prepared for this role since he was selected four years ago. The announcement came as a surprise to Abel, who was seated beside Buffett. The Oracle of Omaha, credited with transforming Berkshire Hathaway into a multi-trillion-dollar powerhouse, expressed that he has no plans to sell his shares in the company, affirming they will be donated instead. Business leaders, including Apple’s Tim Cook, praised Buffett’s financial insights and leadership legacy. Buffett also touched on political matters, advocating against the use of trade as a geopolitical tool during his remarks to shareholders. As Buffett prepares to conclude his tenure, his storied legacy as one of the world's most successful investors remains firmly intact.