India, May 4 -- Warren Buffett announced on Saturday that he plans to retire by the end of this year and will recommend to Berkshire Hathaway's board that Greg Abel should become CEO. The 94-year-old was speaking to hundreds of shareholders at the company's annual meeting. According to Forbes' real-time billionaire list, Buffett is currently the fifth-richest person in the world, behind Elon Musk, Jeff Bezos, Mark Zuckerberg, and Larry Ellison.

Warren Buffett's net worth is estimated at $169 billion, as per the Bloomberg Billionaires Index. Forbes lists it at $168.2 billion. His wealth has grown by $16.4 billion in 2025, per Investopedia, making him the only top 10 billionaire to increase his fortune this year amid market turbulence.

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