Warren Buffett Steps Down: 6 Million Percent Return
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Warren Buffett Steps Down as CEO of Berkshire Hathaway, Greg Abel Takes the Helm
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After six decades leading Berkshire Hathaway, Warren Buffett officially transitioned the role of Chief Executive Officer to Greg Abel on Thursday, June 1, 2026.
The Transition of Power
Warren Buffett officially handed over the reins of Berkshire Hathaway to Greg Abel on Thursday, June 1, 2026, concluding a remarkable six-decade tenure as CEO. Buffett’s leadership transformed Berkshire Hathaway from a struggling textile company into a multi-billion dollar conglomerate with holdings in diverse sectors including insurance, railroads, energy, and consumer products.
On Buffett’s final day as CEO, Wednesday, May 31, 2026, Berkshire Hathaway shares experienced a slight dip. Class A shares closed down 0.1% at US$754,800 (approximately Rp. 12.07 billion as of June 2,2026),while Class B shares fell 0.2% to US$502.65 (approximately Rp. 8.04 million). However, this performance outperformed the S&P 500 index, wich declined by 0.7% on the same day.
Buffett’s Legacy: An Unparalleled Track Record
Since assuming leadership of Berkshire Hathaway in 1965, Warren Buffett has cultivated a business empire renowned for its exceptional returns. Investors who have held Berkshire shares since the beginning of his leadership have seen gains of approximately 6,100,000%. This remarkable performance considerably surpasses the returns generated by the S&P 500 index over the same period.
Buffett’s investment philosophy, rooted in value investing and long-term holding, has become a cornerstone of financial education. He prioritized acquiring companies with strong fundamentals, capable management, and sustainable competitive advantages. His annual letters to shareholders are widely read and analyzed for insights into market trends and investment strategies.
Key Berkshire Hathaway Holdings (as of May 31, 2026)
| Company | Sector | Approximate Value (USD Billions) |
|---|---|---|
| Apple Inc. | Technology | $150 |
| Bank of America | financials | $80 |
| Coca-Cola Co. | Consumer Staples | $70 |
| American Express | Financials | $30 |
| BNSF Railway | Transportation | $60 |
| Kraft Heinz Co. | Consumer Staples | $25 |
Greg Abel: The New CEO
Greg Abel, previously the head of Berkshire Hathaway Energy, was designated as Buffett’s successor several years ago, undergoing a carefully planned transition period. He has a proven track record of success within the Berkshire hathaway organization, demonstrating a strong understanding of the company’