Charlie Munger, investing genius & Warren Buffett's longtime business partner, dies at 99 | Oneindia
Video Credit: Oneindia - Duration: 03:29s - Published
Charlie Munger, investing genius & Warren Buffett's longtime business partner, dies at 99 | Oneindia
Warren Buffett's trusted confidante Charlie Munger died on Tuesday at age 99, leaving a void at Berkshire Hathaway that investors said would be impossible to fill despite the conglomerate's well-established succession plan.
Berkshire said Munger died peacefully at a hospital in California, where he lived.
Warren Buffett has announced he’ll step down as CEO of Berkshire Hathaway by the end of 2025, naming Greg Abel as his successor. Abel, a 30-year veteran of the firm, will inherit control of Berkshire’s $348 billion cash reserves and $1.16 trillion empire. The news broke during the annual shareholder meeting, sparking a standing ovation. Buffett will remain chairman and largest shareholder, ensuring ongoing influence. As Berkshire enters a new era, all eyes are on Abel to uphold Buffett’s legacy and capital strategy in a volatile global market.
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Billionaire investor Warren Buffett to step down after 60 years of leading Berkshire Hathaway
The announcement after a five-hour question-and-answer period at the company's annual shareholders' meeting on Saturday came as a big surprise, as the 94-year-old had previously said he did not plan to retire.
READ MORE : http://www.euronews.com/2025/05/04/billionaire-investor-warren-buffett-to-step-down-after-60-years-of-leading-berkshire-hatha
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Credit: euronews (in English) Duration: 01:06Published
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