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In a long-awaited historic step, American billionaire #Buffett, founder of the "Berkshire Hathaway" group, announced during the last minutes of his sixtieth annual meeting with shareholders that he will step down from leading the company by the end of this year. This announcement marks the end of an extraordinary era in the world of finance and business, as Buffett, who is 94 years old, has led "Berkshire Hathaway" from humble beginnings to one of the largest global companies with a market value exceeding $1.16 trillion.

Buffett confirmed that this year's meeting will be his last as the company's chairman, explaining that Greg Abel, Vice Chairman of the Board and responsible for all non-insurance operations, will take over leadership of the group after him. "Berkshire", which started as a struggling textile company, has transformed into a diverse financial empire thanks to Buffett's vision and innovative investment strategies, with the help of his late deputy and advisor Munger, who passed away in 2023 at the age of 99.