Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Buffett's firm loses $59 bn in m-cap over his plan to step down
short by Mansi Agarwal / on Tuesday, 6 May, 2025
Billionaire investor Warren Buffett-led Berkshire Hathaway lost around $59 billion in market capitalisation as shares fell over 5% on Monday, Reuters reported. The dip came after 94-year-old Buffett announced his plan to step down as the CEO after leading Berkshire for 60 years. Berkshire's Vice Chairman Greg Abel will replace Buffett starting next year.
read more at Reuters