Warren Buffett, at age 94, announced his retirement as Berkshire Hathaway CEO, effective end of 2025, after 55 years. He recommended Greg Abel as his successor. The news prompted widespread tributes from business leaders like Tim Cook, Jamie Dimon, and Brian Moynihan, praising Buffett's unparalleled success, philanthropy, and business acumen. Others, including Bill Gross and Mark Cuban, shared personal anecdotes and admiration for Buffett's vision and impact on the business world. The transition is seen as well-planned, with many expressing confidence in Abel's readiness to lead.

Prepared by Christopher Adams and reviewed by editorial team.