Warren Buffett's succession plan & net Worth: What should know

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According to Warren Buffett, it is time to start the succession plan for Berkshire Hathaway. The 94-year-old investment legend plans to hand over the position to Berkshire's deputy chairman Greg Abel at the end of 2025. Buffett has been CEO since 1970 and is planning the transition for years. In his annual letter from 2014, Buffett outlined the properties that someone should be the next CEO. One of them is the ability to make excess money, but not to get greedy and hunt larger salary checks just to keep up with other managers. Buffett deserves a salary of $ 100,000 a year in Berkshire, a number that, according to a SEC registration, has not changed in over 35 years. He also does not take any bonuses. To compare, Nvidia CEO Jensen Huang will earn a basic content of one and a half million dollars in the 2025 financial year. Buffett is worth billions of dollars due to its shareholder in Berkshire Hathaway. Buffett is the five -rich person who lives in the Bloomberg Milliardaires Index. He has a net assets of almost 169 billion US dollars, the other big tech ceco such as Elon Musk, Mark Zuckerberg and Jeff Bezos. The majority of Buffett's wealth comes from his 37% participation in Berkshire Hathaway worth around 167 billion US dollars. In 2025 alone, Buffett's net assets grew by $ 26.6 billion. This is a significant profit in the middle of the latest market volatility that has achieved the net assets from many other billionaires. Berkshire Hathaway exceeded the S&P 500 this year, which was strengthened by the diversified portfolio of the company of companies and equity investments.