Warren Buffett, the 10th richest person in the world, will bequeath his fortune to charities.
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Warren Buffett, in December 2017. The businessman and tenth richest person in the world announced on Monday, November 10, 2025, that he will step down as head of his conglomerate at the end of the year. Dennis Van Tine / Star Max/IPx/AP
The American billionaire confirmed on Monday, November 10, that he will relinquish control of his conglomerate, the 11th largest company by market capitalization on the US stock exchange, in January, but will remain its largest shareholder. Aged 95, he is planning his succession: he has decided to bequeath his entire fortune to foundations managed by his children for charitable purposes.
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I subscribeIt's not always easy to retire. Even at 95. American investor Warren Buffett, founder of Berkshire Hathaway, will indeed step down from the conglomerate at the end of the year, as he announced in May, but intends to retain, for the time being, a "significant portion" of his shares.
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