This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Who’s Greg Abel, Warren Buffett’s successor at Berkshire Hathaway?
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Markets > Who’s Greg Abel, Warren Buffett’s successor at Berkshire Hathaway?
Markets

Who’s Greg Abel, Warren Buffett’s successor at Berkshire Hathaway?

Editorial Board Published May 5, 2025
Share
Who’s Greg Abel, Warren Buffett’s successor at Berkshire Hathaway?
SHARE

Summit World Investments CIO David Harden discusses how Berkshire Hathaway inventory hit a document excessive on ‘The Claman Countdown.’

Berkshire Hathaway’s Warren Buffett over the weekend introduced plans to step down as chief government beginning subsequent yr.

Greg Abel, the vice chairman of non-insurance operations at Berkshire, obtained unanimous approval from the board to succeed Buffett, who, after greater than half a century, plans to relinquish the highest job. 

Abel will begin his tenure as Berkshire’s new CEO on Jan. 1, 2026.

Buffett’s deliberate successor has held his present place at Berkshire since January 2018 and chairs Berkshire Hathaway Power, the subsidiary that owns corporations reminiscent of PacifiCorp, Northern Pure Fuel and BHE Renewables.

Greg Abel, heart, is presently the vice chairman of non-insurance operations at Berkshire Hathaway. (Dan Brouillette/Bloomberg through Getty Pictures / Getty Pictures)

Abel has an extended historical past within the power sector, having labored at CalEnergy and later MidAmerican Power Holdings Firm after CalEnergy purchased it and assumed its title within the late Nineties. 

WARREN BUFFETT TO STEP DOWN AS CEO OF BERKSHIRE HATHAWAY BY END OF THE YEAR

He joined Berkshire in 1999, when the conglomerate bought a majority curiosity in MidAmerican Power Holdings Firm. He was president of MidAmerican on the time of that deal and would finally change into CEO of the agency.

His first job out of faculty was at PricewaterhouseCoopers, in accordance with the Horatio Alger Affiliation of Distinguished People, a nonprofit the place he holds the function of president.

Abel, a Canadian, attended the College of Alberta, acquiring a commerce diploma. 

BUSINESS LEADERS REACT TO WARREN BUFFETT STEPPING DOWN AS CEO OF BERKSHIRE HATHAWAY: ‘ONLY G.O.A.T’

Previous to recommending Abel to change into Berkshire’s subsequent CEO, Buffett had made clear on quite a few events that Abel was his best choice for a successor.

Berkshire Hathaway shareholders

Berkshire Hathaway shareholders stroll by a video display screen on the firm’s annual assembly in Omaha, Nebraska, on Could 4, 2013. (REUTERS/Rick Wilking/File Photograph / Reuters Pictures)

The “Oracle of Omaha” instructed CNBC in 2021 that Berkshire’s administrators have been “in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning.” 

Warren Buffett red carpet

Warren Buffett attends the “Becoming Warren Buffett” World Premiere at The Museum of Trendy Artwork on Jan. 19, 2017 in New York Metropolis. (J. Kempin/Getty Pictures / Getty Pictures)

Buffett wrote in his 2023 letter to shareholders that Abel “in all respects is ready to be CEO of Berkshire tomorrow.” Moreover, extra just lately, in his 2024 letter, he mentioned it “won’t be long before Greg Abel replaces me as CEO and will be writing the annual letters.”

BUFFETT TALKS MORTALITY AND PHILANTHROPY IN SURPRISE SHAREHOLDER LETTER

Berkshire mentioned Buffett will keep chairman when Abel assumes the CEO job in the beginning of subsequent yr.

The conglomerate generated $89.7 billion in whole revenues within the first quarter.

Berkshire’s market capitalization hovered north of $1 trillion as of late Monday morning.

Ticker Safety Final Change Change % BRK.A BERKSHIRE HATHAWAY INC. 775,605.00 -33,745.00
-4.17%
BRK.B BERKSHIRE HATHAWAY INC. 516.21 -23.11
-4.28%

TAGGED:AbelBerkshireBuffettsGregHathawaysuccessorWarren
Share This Article
Twitter Email Copy Link Print
Previous Article Trump threatens a 100% tariff on foreign-made movies, saying the film business within the US is dying Trump threatens a 100% tariff on foreign-made movies, saying the film business within the US is dying
Next Article Diddy: Jury Choice Will get Underway In Lengthy-Awaited Trial; Music Mogul Faces Life In Jail Diddy: Jury Choice Will get Underway In Lengthy-Awaited Trial; Music Mogul Faces Life In Jail

Editor's Pick

Katy Perry & Justin Trudeau Pack on PDA within the Pacific

Katy Perry & Justin Trudeau Pack on PDA within the Pacific

Studying Time: 3 minutes Katy Perry and Justin Trudeau appear to be again on … in the event that they…

By Editorial Board 6 Min Read
Whiny Trump makes Israel-Hamas ceasefire ceremony all about him
Whiny Trump makes Israel-Hamas ceasefire ceremony all about him

President Donald Trump traveled to the Center East on Monday to mark…

5 Min Read
US client sentiment held regular in October, however labor market worries persist
US client sentiment held regular in October, however labor market worries persist

State Road Funding Administration CIO Michael Arone discusses client spending, defensive shares…

3 Min Read

Oponion

Since Covid, Hawaii Home Sales Over  Million Have Grown Sixfold

Since Covid, Hawaii Home Sales Over $10 Million Have Grown Sixfold

For several years, San Francisco investment banker Thomas Weisel had…

December 22, 2021

Your Spring Studying Record to Encourage Progress This Season

We could obtain a portion of…

May 14, 2025

Musk’s DOGE drama received’t assist him beat deadbeat dad allegations

As billionaire and DOGE mastermind Elon…

February 25, 2025

Piedmont neutralizes Oakland Tech’s peak benefit, wins NorCal opener in a surprising rout

OAKLAND — The dual towers of…

March 5, 2025

NASA Cancels Artemis Moon Launch Attempt as Storm Threatens Florida

This copy is for your personal,…

September 24, 2022

You Might Also Like

BlackRock’s bragging rights to quickest rising ETFs
Markets

BlackRock’s bragging rights to quickest rising ETFs

Buyers are plowing cash right into a broad swath of belongings placing the ETF trade within the driver’s seat of…

3 Min Read
Nestle to chop 16,000 jobs as a part of value financial savings initiative
Markets

Nestle to chop 16,000 jobs as a part of value financial savings initiative

HHS Secretary Robert F. Kennedy Jr. discusses efforts to section out petroleum-based artificial dyes within the nation's meals provide on…

4 Min Read
GM takes .6B monetary hit as EV tax credit score adjustments power technique overhaul
Markets

GM takes $1.6B monetary hit as EV tax credit score adjustments power technique overhaul

Energy the Future founder Daniel Turner discusses the Trump administration suing California over its truck emissions requirements and EV mandates…

4 Min Read
ETF race hits T at document velocity
Markets

ETF race hits $1T at document velocity

Traders are plowing cash right into a broad swath of belongings placing the ETF trade within the driver’s seat of…

5 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?