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May 8, 2023 · Finance · Warren Buffett. Warren Buffett’s hand-picked successor will have big shoes to fill in someday replacing the 92-year-old investing icon: ‘He’s not going to screw this up’. BY Josh Funk...
Nov 29, 2023 · Warren Buffett may be synonymous with Berkshire Hathaway, but the 93-year-old has long identified his successor. That person is Greg Abel, 61. The Canadian businessman is currently chair of ...
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May 5, 2024 · Warren Buffett said Greg Abel should have the final decision on investments at Berkshire Hathaway, making clear that his successor will have authority over not just takeovers but the sprawling ...
- Michela Tindera
May 3, 2021 · Watch iconic investor Warren Buffett explain the US economy in 10 minutes. Warren Buffett confirmed that Gregory Abel, a 59-year-old Berkshire Hathaway Vice Chairman, is set to be his successor...
- 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 5, 2024 · Abel does have a history of making multibillion-dollar deals when he was the head of Berkshire’s utility unit for a decade, including the acquisitions of NV Energy and AltaLink, but he’s never ...
May 2, 2024 · And Abel will be committed to running Berkshire in a conservative way that will protect the company that’s known for it financial strength, he said. “Greg is not somebody who is going to be as ...
