Billionaire investor and philanthropist Warren Buffett is stepping down as the chairman of Berkshire Hathaway, the holding company said Friday. Buffett is 96 years old. His son, 71-year-old Howard Buffett, will succeed him in the role as chairman. "I have served Berkshire since 1965," Buffett told shareholders in a message. "Sixty-plus years in, I still have the best job in the world. This is not something many people my age can say, and I have never felt better about what comes next." This comes after Buffett stepped down as the firm's CEO last year , with Greg Abel succeeding him in that position. "Greg runs the company; Howard will guard its culture and values — both worth more than anything on our balance sheet," Buffett said.
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