Warren Buffett is ending one of the key chapters in his life. The chairman of Berkshire Hathaway, one of the most successful investment firms in the world, is stepping down. He’ll become chairman emeritus, with his son, Howard Buffett, taking his place.
Buffett shared the news in a letter he sent to his board members. “Serving as your Chairman has been the privilege of a lifetime, and I have never taken your trust for granted,” he wrote. “Father Time always wins. He has, however, been generous with me.”
Buffett is worth around $144 billion. His career began when he took over Berkshire Hathaway, a struggling textile firm, and transformed it…
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