End of an Era: Buffett Steps Down After Transforming Berkshire Into a Business Empire

Warren Buffett’s decision to pass the torch marks the end of a legendary era in corporate America, closing a 60-year chapter during which he reshaped a struggling textile business into one of the world’s most valuable companies.

Since taking control of Berkshire Hathaway in 1965, Buffett, alongside his late partner Charlie Munger, turned the company into a $1 trillion powerhouse with a portfolio that spans nearly every corner of the U.S. economy.

From insurance giants like Geico and railroads like BNSF, to iconic consumer brands such as Dairy Queen and See’s Candies, Berkshire became a symbol of long-term value and business acumen.

Based in Omaha, Nebraska — the hometown of both Buffett and Munger — the firm is now home to nearly 200 businesses and is deeply woven into the fabric of American commerce.

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