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In June 2022, he sold his 1% stake in Berkshire Hathaway Energy for $870 million. [14] In October 2022, it was announced that Abel purchased 168 shares of Berkshire Class A shares worth approximately $68 million. This equates to an approximate average share purchase price of $404,761.90.
- Andrea Abel
May 3, 2021 · Abel first joined Berkshire Hathaway when the company acquired a controlling interest in MidAmerican in 1999, by which time Abel was energy company’s president. He became CEO of MidAmerican in...
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Oct 3, 2022 · Abel joined Berkshire Hathaway Energy, then known as MidAmerican Energy, in 1992, eight years before Berkshire took it over. He became MidAmerican's chief in 2008, and Berkshire's vice...
Berkshire Hathaway Energy (previously known as MidAmerican Energy Holdings Company until 2014) is a holding company and subsidiary of Berkshire Hathaway, which owns 92% of the company. Berkshire has owned a controlling stake since 1999. The company also controls power distribution companies in the United Kingdom and Canada.
- $2.57 billion (2012)
- Des Moines, Iowa
- $25.15 billion (2021)
Aug 6, 2022 · Abel, 60, a hockey fan who grew up in Edmonton, Alberta, joined Berkshire Hathaway Energy, then known as MidAmerican Energy, in 1992, eight years before Berkshire took it over.
Oct 4, 2022 · Buffett revealed Abel as his first choice for Berkshire's next CEO in May 2021, fueling speculation that Abel would follow Buffett's example and build a material stake in the conglomerate.
Abel found himself in Buffett's orbit when Berkshire Hathaway bought a controlling interest in MidAmerican Energy that same year. Abel took over the reins of MidAmerican in 2008, which was renamed ...
