Buffett to step down as Berkshire CEO after 60 years at helm

Will hand over the reins to Vice Chairman Greg Abel

The announcement prompted an outpouring of praise for Buffett from CEOs and investors.

Warren Buffett is ending his career as perhaps the world's most famous and revered investor, saying he will step down as chief executive of Berkshire Hathaway at the end of 2025, and hand over the reins to Vice Chairman Greg Abel.

The move caps an era for Berkshire after Buffett's extraordinary 60 years at the helm, which made him a household name, a multi-billionaire and an American success story.