What is Greg Abel's fortune? According to Warren Buffett, the successor to Berkshire Hathaway can know that the shareholders cannot be deceptive- the week

Greg Abel, an accountant born in Canada, was selected by Warren Buffett as CEO by Berkshire Hathaway. The 94 -year -old Buffett announced his decision to retire on Saturday as the company CEO.

“The rest of them will come to the news, but I think the time is time when Greg was to become the company's annual managing director of the company,” said Buffett and ended his 55-year term as CEO of Berkshire Hathaway.

What is Greg Abel's fortune?

Greg Abel, who lives in the Moines, Iowa, has almost a billion dollar networks, reports Business Insider. In 2021, according to Forbes, his esteemed net assets were 484 million dollars.

Also read: Who will inherit Warren Buffett's wealth? Investor donates 1.1 billion USD Berkhire Hathway shares to five family foundations

“At 94, it will not take long for Greg Abel to replace me as CEO and write the annual letters. Greg shares the Berkshire belief that a” report “owes a CEO of Berkshire annually,” wrote Buffett in the annual report 2024.

“(Abel) understands that when they start to deceive shareholders, they soon believe their own Baloney and also deceive themselves,” he added.

Abel Chairman Berkshire Hathaway Energy, who was praised by Buffett as one of the four jewels of the parent company in his annual shareholder letter of 2021. It was in the same year in which Abel revealed himself as the likelihood of Buffett, thanks to the partner Charlie Munger of the latter, who accidentally revealed the information.

Abel, 62, has been working in the company for two decades. He was recorded in the Director Board in 2018 when he was appointed deputy chair of non -insurance companies.

It should be noted that the successor to the buffet has made a significant contribution to growing Berkshire Hathaway's position in five Japanese conglomerates.

Abel's appointment as CEO must now be approved by the Board of Directors.