'I was late in becoming old': Buffet bows out

95-year-old’s final letter to shareholders outlines his hope for Berkshire Hathaway’s future

- BY JAY HILOTIN

Warren Edward Buffett, the legendary investor and longtime chairman and CEO of Berkshire Hathaway, has published his final formal letter to shareholders in 2025, marking the end of an era for the company.

Best known as the “Oracle of Omaha”, Buffett built his fortune through value investing. He transformed Berkshire Hathaway into a financial powerhouse by acquiring a variety of companies.

At 95 years old, Buffett — with an estimated $148.2 billion net worth — announced he is “going quiet” and stepping down from active leadership as Greg Abel takes over as CEO.

Buffett is renowned for his philanthropy, co-founding the Giving Pledge and pledging to donate over 99 per cent of his wealth to charity.