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1:45Now PlayingLegendary billionaire investor Warren Buffett announced plans to step down from Berkshire Hathaway by the end of the year, prompting lengthy applause from the crowd at the company’s annual shareholder meeting.
Buffett, 94, recommended Berkshire Hathaway Chairperson Greg Abel as his replacement and said he had no plans to sell his stock in the company.
The announcement came after Buffett ripped President Donald Trump’s widespread tariffs, warning the United States shouldn’t use “trade as a weapon” and anger the rest of the world.
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#warrenbuffett #economy #wallstreet #business #berkshirehathaway
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