Who is Greg Abel – Warren Buffett's chosen successor as CEO of Berkshire Hathaway?

At the age of 62, Abel has been part of Berkshire Hathaway for more than two decades and is currently deputy chairman of the non -insurance operations. Previously, he headed Berkshire Hathaway Energy (formerly Midamerican Energy), a company in which Buffett raised a controlling interest in 1999.

His tasks will soon exceed Berkshires huge and versatile collection of companies that employ almost 400,000 employees worldwide.

After Associated PressThe Buffett and Berkshire board has long praised Abel's sharp business instincts and operational expertise. Buffett once noticed that Berkshire is “so damn happy” to have him – and noticed that it was not easy to achieve his own legendary investment balance.

The Abel born in Edmonton, Alberta, acquired a Bachelor's degree in retail at the University of Alberta. He began his career at PWC before he came to Calenergy, which later developed into mid -team energy. In 2022 he sold its 1% share of Berkshire Hathaway Energy for 870 million US dollars, so Business Insider.

Despite an estimated net assets of almost 1 billion US dollar, Abel is known for his modest lifestyle. He lives in the moin, Iowa, where he once trained his son's hockey and baseball teams. The Of the Moines Register described him as a down -to -earth father and community figure. While Buffett preferred a hands-off management approach, Abel is known to be more involved, especially in the company.

Abel played a central role in the design of Berkshire Hathaway's global investment strategy, in particular with his billion -dollar missions in five of Japan's largest trading houses. These movements correspond to the company's value -oriented philosophy and signal a long -term outlook, which increases Berkshire's commitment to patient capital.

Although Abel is rarely in the spotlight, he impressed the shareholders at annual meetings with his deep knowledge of the energy and transport companies of Berkshire. In a rare interview from 2018 with the Horatio Alger Association, he attributed his success of the discipline and preparation – values ​​that reflect Buffett's own early business lessons.

In his annual letter from 2024, Buffett Abel praised strong moral compass and commitment to transparency. “If you start to deceive shareholders, you will soon believe your own Baloney and also deceive yourself,” wrote Buffett.

Although Charlie Munger Abel revealed for the first time in 2021 as Buffett's likely successor, the news at the annual meeting of Berkshire 2025 was officially confirmed. “It is time when Greg should become Chief Executive Officers of the company at the end of the year,” said Buffett.

Buffett also admitted that Berkshires made enormous size to find transformative offers. Abel will therefore lead the conglomerate through a new era – which may be as important to preserve the culture of the company as the breaking of new ways.

Abel rarely granted interviews, but his basic values ​​were clearly passed through in 2018 during his recognition of Horatio Alger. In a family of the working class in Edmonton, he collected discipline and hard work at an early stage. “I learned that success is more likely if I invest a lot of work and were well prepared,” Abel was quoted by the Associated Press.

It is expected that in the moin – only two hours from Buffetts Omaha from Oaha from Buffett, in harmony with Berkshires famous decentralized model. Like Buffett in front of him, Abel is probably not built by a shiny headquarters, but by a calm, focused office and lead to long-term thinking, careful analysis and permanent trust.