Warren Buffett Announces Resignation as CEO of Berkshire Hathaway

Warren Buffett has announced his resignation as CEO of Berkshire Hathaway. The 94-year-old Buffett held this position for 60 years, during which time the value of Berkshire Hathaway's shares skyrocketed hundreds of times over, vastly surpassing the returns of major stock indices such as the S&P 500 and Dow Jones. His current net worth is estimated at around 165 billion dollars.