⚡Warren Buffett stepped down as chairman of Berkshire Hathaway and was succeeded by his son Howard.

What it means

Warren Buffett, at age 96, is stepping down as chairman of Berkshire Hathaway, a role he has held since 1970, and will become chairman emeritus. His son Howard Buffett, 71, who has been on the board since 1993 and was long designated as his successor, will take over as chairman. This completes a succession plan that has been in place for years, with Buffett citing his age as the reason for the transition.

Accuracy & sourcesSourced

The claim is solid, based on official company announcements and corroborated by multiple major news outlets (Reuters, WSJ, CNBC, NPR, Guardian). The primary source is Berkshire Hathaway's own statement, which the reporting closely reflects. The details—effective immediately, chairman emeritus, Howard's age and board tenure—are consistent across sources.

How new

This is genuinely new as of September 18, 2026, with the announcement made today.

Past coverage