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In 2020 and 2021, Greg Abel made $19 million. More: Des Moines resident tapped as future Berkshire Hathaway CEO is a 'grounded,' 'brilliant,' friends say.
Gregory Edward Abel was born on June 1, 1962, in Edmonton, Alberta. [1] [2] During his childhood Abel did odd jobs like distributing flyers and returning bottles to make money. He also worked as a laborer for a forest product company. [3] He did not participate in too many extracurricular activities in school, aside from hockey and football. [4]
Greg Abel of Des Moines assumes his role of successor in waiting to Warren Buffett as Berkshire Hathaway's annual meeting approaches. Is he ready?
OMAHA — Berkshire Hathaway's Warren Buffett slipped Saturday at the company's annual meeting, throwing his first question to Des Moines resident Greg Abel, the 93-year-old's choice to replace ...
In August 2022, Berkshire Hathaway acquired a 1% stake in the company from Greg Abel for $870 million. [9] In October 2024, Berkshire Hathaway purchased the remaining 8% stake from the family of Walter Scott Jr. following his death three years prior, bringing the company's ownership to 100%. [10]
Gregory Edward Abel was born in Edmonton, Alberta, on June 1, 1962, to a working-class family. Working odd jobs, he cleaned discarded bottles and filled fire extinguishers, according to the ...
In January 2018, Berkshire Hathaway appointed Ajit Jain and Greg Abel to vice-chairman roles. Abel was appointed vice chairman for non-insurance business operations, and Jain became vice chairman of insurance operations. [212] [213] In May 2021, Buffett named Greg Abel to be his successor as CEO of Berkshire Hathaway. [214]
In today’s CEO Daily: Shawn Tully on Warren Buffett’s successor, Greg Abel. The big story: Trump moves on China and TikTok. The markets: Happy. Analyst notes from JP Morgan and Goldman Sachs.