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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]
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.
When Greg Abel succeeds Warren Buffett at the helm of Berkshire Hathaway, he is expected to preserve the culture at the behemoth even if he does not match the star power of his legendary boss. A ...
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]
Buffett’s long-time partner, the then 97-year old Charlie Munger, ended the mystery at the 2021 annual meeting by letting slip that the choice, made well before but long kept secret, was Greg Abel.
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]
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? Buffett successor Greg Abel is a ‘regular guy ...
Everyone knows Warren Buffett 's successor won't be able to match the legendary investor, but Berkshire Hathaway 's board remains confident Greg Abel is the right guy to one day lead the ...