Meet Howard Buffett, the New Chairman of Berkshire Hathaway
Howard G. Buffett, 71, became chairman of Berkshire Hathaway on September 18, 2026, succeeding his father, Warren Buffett. While Greg Abel remains CEO, the company has recently increased its stake in Lennar to 10.9% by purchasing 660,410 shares for approximately $53.9 million over three days. Berkshire reported second-quarter revenue of $101.8 billion, reflecting a 10% increase. Warren Buffett, 96, transitioned to Chairman Emeritus and remains a board director, citing his age for the immediate leadership change.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ Howard G. Buffett succeeded Warren Buffett as chairman on September 18, 2026.
- ✓ Warren Buffett is now Chairman Emeritus and remains a member of the Board of Directors.
- ✓ Greg Abel continues as the Chief Executive Officer of Berkshire Hathaway.
- ✓ Berkshire Hathaway reported second-quarter revenue of $101.8 billion, a 10% increase.
What changed
Berkshire Hathaway increased its Lennar holdings to 10.9% and reported second-quarter revenue of $101.8 billion.
Live updates
-
Howard Buffett Takes Chairmanship as Berkshire Expands Lennar Stake
Howard G. Buffett, 71, became chairman of Berkshire Hathaway on September 18, 2026, succeeding his father, Warren Buffett. While Greg Abel remains CEO, the company has recently increased its stake in Lennar to 10.9% by purchasing 660,410 shares for approximately $53.9 million over three days. Berkshire reported second-quarter revenue of $101.8 billion, reflecting a 10% increase. Warren Buffett, 96, transitioned to Chairman Emeritus and remains a board director, citing his age for the immediate leadership change.
Why it matters
This succession follows decades of leadership by Warren Buffett, who has been synonymous with the conglomerate's principles. The transition occurs amid a broader trend of aging leadership in Fortune 500 companies. Howard Buffett has served as a company director since 1993.
What is confirmed
- Howard G. Buffett succeeded Warren Buffett as chairman on September 18, 2026.
- Warren Buffett is now Chairman Emeritus and remains a member of the Board of Directors.
- Greg Abel continues as the Chief Executive Officer of Berkshire Hathaway.
- Berkshire Hathaway reported second-quarter revenue of $101.8 billion, a 10% increase.
- Warren Buffett is 96 years old.
Still unconfirmed
- Berkshire Hathaway's market capitalization was $1,116.4 billion on October 13, 2026.
What to watch next
- Further changes to the investment portfolio under CEO Greg Abel
- Quarterly financial reports following the leadership transition
confidence 95%Sources used for this update (19)
- economictimes.indiatimes.com — berkshire hathaway: Latest News & Videos, Photos about ...
- www.fool.com — Daniel Foelber - Articles & Analysis | The Motley Fool
- www.montecito-estate.com — A New Chapter for Berkshire Hathaway: Onward With Howard ...
- www.ad-hoc-news.de — Berkshire Builds Lennar Stake in Measured Steps While Howard ...
- www.distillintelligence.com — Latest Berkshire Hathaway News & Announcements
- www.marketscreener.com — Berkshire Hathaway Inc.: Official Announcements - Stock ...
- daily-news.org.uk — Warren Buffett quits as Berkshire chairman with son Howard ...
- www.wbur.org — Senior Class: Old dogs, old tricks | On Point with Meghna Chakrabarti
- www.ad-hoc-news.de — Berkshire Hathaway names Howard Buffett chair and Berkshire ...
- www.fool.com — Consumer Check-In & AI’s Progress | The Motley Fool
- finance.yahoo.com — The 6 Words From Buffett's Farewell Letter Every Investor ...
- www.fool.com — Forget the Recent Delivery Beat: Here's the Key Number That Will Decide Investors' Reaction to Tesla's Earnings | The Motley Fool
-
Howard Buffett Assumes Chairmanship of Berkshire Hathaway
Howard Buffett is now the non-executive chairman of Berkshire Hathaway, a conglomerate with $1.1 trillion in assets. He succeeded his father, Warren Buffett, on September 18, 2026. While Greg Abel remains chief executive, Howard Buffett focuses on maintaining the company's corporate culture. The new chairman brings a diverse background as a farmer, elected sheriff, and war photographer. This leadership shift occurs as Berkshire Hathaway stock underperforms the broader market, contributing to a decline in Warren Buffett's personal net worth this year.
Why it matters
Warren Buffett led the company since 1970 before becoming chairman emeritus. The new governance structure separates the chairman and CEO roles for the first time. This transition ensures continuity in leadership for one of the world's largest investment firms.
What is confirmed
- Howard Buffett is the non-executive chairman of Berkshire Hathaway.
- Berkshire Hathaway assets are valued at $1.1 trillion.
- Warren Buffett stepped down as chairman on September 18, 2026.
- Greg Abel continues to serve as chief executive.
Still unconfirmed
- Howard Buffett photographed war zones and endangered species across more than 100 locations.
What to watch next
- Financial reports showing if Berkshire Hathaway stock recovers from current market underperformance
- Public statements from Howard Buffett regarding specific cultural protections for the company
confidence 90%Sources used for this update (2)
- www.europesays.com — Meet Warren Buffett’s son Howard, a former sheriff, war ...
- finance.yahoo.com — Warren Buffett's Net Worth Has Dropped $8.3 Billion This Year as Berkshire Hathaway Stock Lags
-
Howard Buffett Assumes Chairmanship of Berkshire Hathaway
Howard Buffett is the new non-executive chairman of Berkshire Hathaway, a company with assets valued at $1.1 trillion. Warren Buffett, 96, stepped down from the role on September 18, 2026, after serving since 1970. He now holds the title of chairman emeritus and remains a director. This transition formalizes a governance structure that separates the chairman duties from the chief executive role, which Greg Abel continues to hold. Howard Buffett, a college dropout and farmer, is tasked with protecting the conglomerate's corporate culture.
Why it matters
The leadership shift concludes a long-term succession plan for the legendary investor. It separates daily operational management from board oversight to ensure stability. Howard Buffett also leads his own foundation, which has committed over $1 billion to Ukraine.
What is confirmed
- Warren Buffett stepped down as chairman of Berkshire Hathaway on September 18, 2026.
- Howard Buffett is the new chairman of Berkshire Hathaway.
- Warren Buffett has assumed the title of chairman emeritus.
- Greg Abel continues to serve as CEO.
- Berkshire Hathaway assets are valued at $1.1 trillion.
- Howard Buffett dropped out of college to pursue farming.
Still unconfirmed
- Berkshire Hathaway stock is currently 16.66 percent below target.
- Howard Buffett dropped out of three different colleges.
What to watch next
- Changes in how Berkshire Hathaway deploys its cash reserves under the new governance structure.
- Further public statements from Howard Buffett regarding the company's cultural preservation.
confidence 95%Sources used for this update (22)
- www.forbes.com — The Top 10 Richest People In The World | August 2026
- fortune.com — Warren Buffett’s son worked on a farm instead of going to ...
- www.ibtimes.co.uk — Warren Buffett's Son Skipped College to Become a Farmer, Now ...
- timesofindia.indiatimes.com — Warren Buffett’s son chose farming over college, now chairs ...
- www.philanthropy.com — New humanitarian players hit U.N. sidelines urging support to counter aid cuts
- www.encafeinados.com — Howard Buffett takes Berkshire Hathaway chair as his father ...
- www.onestnetwork.com — Howard Buffett’s Next Chapter and Why Ukraine Is Already Part ...
- finance.yahoo.com — Berkshire (BRK-B) Enters a New Era with Billions Still on the ...
- finance.yahoo.com — Warren Buffett's Son Once Said ‘Retirement’ Wasn't In His Dad's Vocabulary. 'He Won't Leave Until He'....
- finance.yahoo.com — Berkshire Hathaway (BRK.A) Names Howard G. Buffett Chairman
- marketontology.com — Howard Buffett Assumes Berkshire Hathaway Chairman Role ...
- www.tikr.com — Berkshire Stock Holds Near $505 as Howard Buffett Takes the ...
-
Berkshire Hathaway Transition Follows Warren Buffett Retirement
Howard Buffett serves as the new chairman of Berkshire Hathaway following the departure of Warren Buffett at age 96. Greg Abel retains operational control of the conglomerate to maintain stability and preserve the corporate culture. The leadership shift separates the chairman duties from daily management at the firm, which holds assets exceeding $1 trillion. Meanwhile, competitive eating star Tim Janus died at age 49 after a cancer battle, and humanitarian groups gathered at the United Nations General Assembly sidelines to address global aid cuts.
Why it matters
Warren Buffett stepped down from leading the conglomerate after decades at the helm, prompting a structural division between governance and operations. Howard Buffett takes the chairman role while Greg Abel oversees daily management to protect the established culture of the firm. This transition coincides with broader international events, including humanitarian discussions at the United Nations regarding foreign aid reductions.
What is confirmed
- Warren Buffett stepped down at age 96.
- Howard Buffett is now the chairman of Berkshire Hathaway.
- Greg Abel maintains operational control of Berkshire Hathaway.
- Berkshire Hathaway holds assets exceeding $1 trillion.
Still unconfirmed
- Tim Janus, known as Eater X, died September 16 at age 49 after a battle with cancer.
- New humanitarian players appeared at the United Nations General Assembly sidelines to counter foreign aid cuts hampering fights against disease, malnutrition, and poverty.
What to watch next
- Further announcements from Berkshire Hathaway regarding operational changes under Greg Abel and Howard Buffett.
confidence 100%Sources used for this update (2)
- www.ibtimes.sg — How Did Tim Janus Die? 'Eater X' and Amazing Race Star Dies at 49 After Cancer Battle
- www.texarkanagazette.com — New humanitarian players hit UN sidelines in search of galvanizing force to counter aid cuts
-
Howard Buffett assumes Berkshire Hathaway chairmanship
Howard Buffett is now the chairman of Berkshire Hathaway, though Greg Abel maintains operational control of the company. Warren Buffett structured the leadership transition to separate the chairmanship from the daily management of the conglomerate, which holds assets exceeding $1 trillion. This arrangement aims to preserve the firm's established culture while ensuring operational stability under Abel. The shift occurs as the company transitions away from the decades-long leadership of Warren Buffett, who stepped down at age 96.
Why it matters
The transition follows the departure of Warren Buffett, known as the Oracle of Omaha. Investors are monitoring whether this split between governance and operations will alter the firm's investment strategy. The move secures a succession plan for one of the world's largest conglomerates.
What is confirmed
- Howard Buffett is the new chairman of Berkshire Hathaway.
- Greg Abel runs the company.
- Berkshire Hathaway is a $1 trillion-plus company.
What to watch next
- Changes to Berkshire Hathaway's investment direction under the new leadership structure
- Official statements from Greg Abel regarding operational priorities
confidence 100%Sources used for this update (3)
- observer.com — Greg Abel Runs Berkshire. Howard Buffett’s Job is to Keep it Berkshire.
- www.ibtimes.sg — Trump Drops 'Artificial' From AI and Unveils His Bizarre New Name at UN
- www.ibtimes.sg — US Open to Iran Talks at UN: Nuclear Issue, Hormuz and What Comes Next
-
Howard Buffett Takes Berkshire Chair as Warren Buffett Steps Down at 96
Warren Buffett has stepped down as chairman of Berkshire Hathaway at age 96, officially passing the leadership role to his son, Howard Buffett. The transition ends the decades-long tenure of the Oracle of Omaha at the helm of the massive conglomerate. Investors and analysts are now tracking how the leadership change will impact the firm's future direction and operational stability. Meanwhile, senior US and Chinese officials have begun talks in New York to prepare for an upcoming summit between President Donald Trump and Chinese President Xi Jinping.
Why it matters
The departure of Warren Buffett marks the close of a 56-year leadership era designed to preserve the distinct corporate culture of Berkshire Hathaway. His son Howard brings a diverse career background to the chairmanship, having previously worked as a sheriff and a war photographer. This executive succession plan aims to prevent the conglomerate from drifting away from its foundational principles under new leadership.
What is confirmed
- Warren Buffett, aged 96, stepped down as chairman of Berkshire Hathaway.
- Howard Buffett received the top job as chairman of Berkshire Hathaway from his father.
What to watch next
- Specific policy or strategic changes announced by Howard Buffett for Berkshire Hathaway.
- Investor reactions and shareholder meeting announcements regarding the new leadership era.
confidence 100%Sources used for this update (4)
- www.nbr.co.nz — Oracle of Omaha era ends as Buffett steps down as Berkshire chair
- www.dailymail.com — Truth about Warren Buffett's 'unconventional' marriage: The open secret about his 'closest advisor' and his wife's stunning letter to another woman revealed
- www.dubaieye1038.com — US and China begin talks ahead of Trump-Xi summit
- thedispatch.com — Russia’s Rigged, Under-Fire Elections
-
Howard Buffett Replaces Warren Buffett as Berkshire Hathaway Chairman
Warren Buffett has stepped down as chairman of Berkshire Hathaway after 56 years, passing the leadership role to his son, Howard Buffett. The transition marks the next step in a plan to keep Berkshire from straying and to preserve the company's culture. Howard Buffett brings a varied background to the role, having worked as a former sheriff and a war photographer. Investors are now looking at what to expect moving forward under the new leadership as the conglomerate enters a new era.
Why it matters
Warren Buffett bows out after more than five decades at the helm of the massive holding company. His son Howard steps into the chairmanship tasked with the specific duty of maintaining the firm's traditional culture and preventing it from drifting. The succession plan has been carefully orchestrated to ensure continuity at Berkshire Hathaway.
What is confirmed
- Warren Buffett has stepped down as chairman of Berkshire Hathaway after 56 years.
- Howard Buffett is the new chairman of Berkshire Hathaway, replacing his father.
- Howard Buffett is a former sheriff and war photographer.
What to watch next
- How Howard Buffett approaches preserving Berkshire Hathaway culture
- Investor and market reactions to the leadership transition moving forward
confidence 100%Sources used for this update (13)
- CNN — Warren Buffett steps down as chairman of Berkshire Hathaway
- CNBC — Buffett steps down, Wall Street bounces back, 2027 'truck wars' and more in Morning Squawk
- The New York Times — Warren Buffett Steps Down as Berkshire Chairman and Names Son to Replace Him
- The New York Times — Meet Howard Buffett, the New Chairman of Berkshire Hathaway
- Dallas News — As Warren Buffett steps down as Berkshire Hathaway's chair, here's a look at his Texas business ties
- Yahoo Finance — Warren Buffett Steps Down as Berkshire Hathaway Chairman After 56 Years. Here's What Investors Should Expect Moving Forward.
- Fortune — Meet Warren Buffett's son Howard, a former sheriff, war photographer, and now, Berkshire's new chairman
- WSJ — A New Buffett Takes On the Task of Preserving Berkshire Hathaway’s Culture
- The Economist — World in Brief: Warren Buffett bows out; Trump bans media outlets from White House
- www.cnbc.com — Buffett takes next step in plan to keep Berkshire from straying
- www.ibtimes.sg — South Korea Takes Two-Track Approach: U.S. Investment and Hormuz Security
- www.ibtimes.sg — US-Greenland Deal Explained: 5 Things the US, Denmark and Greenland Agreed On
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community