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Nov 29, 2023 · Warren Buffett named Greg Abel, 61, as his successor at Berkshire Hathaway back in 2021. Abel started out as an accountant, before taking the reins as CEO of Berkshire Hathaway Energy.
- 5 min
- Kwan Wei Kevin Tan
- He's Warren Buffett's Chosen Successor
- He's Been with Berkshire Hathaway For Decades
- He Grew Up and Studied Business in Canada
- What Is Greg Abel's Salary?
- He Leads A Division That Includes Iowa's Largest Utility
- He's A Hockey Fan — and It Runs in The Family
- Abel Lives in Iowa, and That's Not Likely to Change
Warren Buffett revealed in 2021that Abel, 59, is in line to lead Omaha-based Berkshire Hathaway, Buffett's $761 billion conglomerate, when the billionaire ceases to be its chief executive. Buffett has announced no immediate plan to retire or step down from the company's operations. More:Iowan Greg Abel is a ‘regular guy’ with a ‘shocking workload.’...
Abel is chairman of Berkshire Hathaway Energy and oversees Des Moines-based MidAmerican Energy. He came to Berkshire Hathaway when it acquired MidAmerican Energy Holdings in 2000. He leads Berkshire Hathaway's noninsurance companies, including the BNSF railway and other firms that generated $276 billion in revenue last year.
Abel grew up in Edmonton, Alberta, according to the Horatio Alger Association. He graduated from the University of Alberta in 1984 with a degree in commerce and joined PricewaterhouseCoopers in Edmonton as an accountant. Abel said his parents emphasized education as the foundation for a bright future. "One thing I saw early in my life was that with...
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
Abel leads Berkshire Hathaway Energy, a division of the company that includes MidAmerican Energy, Iowa's largest energy provider. He was a key figure in MidAmerican's massive investment in wind energy. Buffett called the energy business one of "four giants" in the Berkshire portfolio. MidAmerican has about 3,400 turbines in operation, mostly in Iow...
Abel is a passionate hockey fan and is the nephew of Sid Abel, a Canadian Hall of Famer who played several seasons for the Detroit Red Wings. He's a volunteer coach on his son's hockey team, which practices at the new $45 million RecPlex. MidAmerican Energy donated $5 million for RecPlex naming rights and Abel personally donated at least $1 million...
While Berkshire Hathaway is based in Omaha, Nebraska, friends say Abel is likely to stay in Iowa after becoming CEO. Friend Jim Cownie, a Des Moines developer and philanthropist, said the flight from Des Moines to Omaha takes about 15 minutes, not much of a commute for the executive who travels extensively. He also said Abel installed an elevator i...
May 3, 2021 · Warren Buffett confirmed that Gregory Abel, a 59-year-old Berkshire Hathaway Vice Chairman, is set to be his successor once the investing icon is ready to retire as Berkshire's CEO and chairman.
Chairman and CEO of Berkshire Hathaway Energy. Vice-chairman of Berkshire Hathaway. Spouse. Andrea Abel. Children. 4. Gregory Edward Abel (born June 1, 1962) is a Canadian businessman, chairman and CEO of Berkshire Hathaway Energy, and vice-chairman of non-insurance operations of Berkshire Hathaway since January 2018.
May 7, 2023 · Investopedia / Alex Dos Diaz. Early Life and Education . Born June 1, 1962, and raised in Edmonton, Canada, Gregory Abel graduated from the University of Alberta in 1984 with a commerce degree.
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Warren Buffett has named Greg Abel as his heir apparent at Berkshire Hathaway. Abel has long been suspected as the next in line to lead the $630 billion conglomerate. Abel is the vice...
May 2, 2024 · BRK.B. +0.61%. OMAHA, Neb. — 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 ...
