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Warren Buffett Is in retirement.

The 94-year-old billionaire who is currently a net assets of over $ 168 billion According to Forbes, he announced that he will retire on Sunday (May 4th) at the end of 2025.

The CEO of Berkshire Hathaway announced that after a six decade he will withdraw from his position from his position, which makes him the most influential investor in the world about AP.

He said he would recommend the deputy chairman of the hat Greg Abel Replace it according to the report.

“I think the time has arrived there Greg Should be the company's managing director at the end of the year, ”he said.

Greg Already managed all non -insured transactions from Berkshire, but it was previously assumed that he would only take over labyrinthWhen he insisted when he insisted that he had no plans to retire.

He said that the only board members who knew that this would happen were his two children. Howard And Susie Buffett.

“I just want to say that I could not be humble and honored to be part of Berkshire when we go forward.” Greg said in an explanation.

“I have no intention – zero – to sell a share of Berkshire Hathaway. I'll reveal it at some point”, ” labyrinth said. “The decision to keep every share is an economic decision because I think Greg'S Management as mine. “

After his announcement, thousands of investors in the arena gave him a longer standing ovation.

Earlier on the weekend, labyrinth warned of bad global consequences of the president Donald Trump“Tariffs and Say” Commerce should not be a weapon “, but” no question that trading can be an act of war. “

“In my view, it is a big mistake if you have 7.5 billion people who don't like them very well, and they have 300 million who crowed as they did,” he said.

He said Trump card it is right with the tariffs.

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