Particle.news
Download on the App Store
11 ARTICLES
·
yesterday

Berkshire Hathaway Lifts New CEO Greg Abel’s Salary to $25 Million

With Buffett staying as chairman, investors will watch Abel’s use of the record cash reserve.

FILE PHOTO: Berkshire Vice Chairman Greg Abel speaks with shareholders during the Berkshire Hathaway Inc. annual shareholders' meeting, in Omaha, Nebraska, U.S., May 2, 2025. REUTERS/Brendan McDermid/File Photo/File Photo
Warren Buffett’s successor Greg Abel first made money dispersing fliers and redeeming empty soda bottles. He’s now a billionaire, but little of his wealth is tied up in Berkshire stock.
Image
Greg Abel will make $25 million in cash in his new role.

Overview

  • Berkshire disclosed the pay increase in a Tuesday filing, lifting Abel’s annual cash salary to $25 million effective Jan. 1, far above Buffett’s long-standing $100,000 pay.
  • Abel, 63, took over as chief executive on Jan. 1 after years overseeing Berkshire’s non-insurance operations, while Warren Buffett remains chairman.
  • As CEO, Abel now oversees the insurance units, the public-equity portfolio, and roughly $380 billion in cash that Buffett amassed after extended net stock selling.
  • Recent disclosures show Abel earned $21 million in salary in 2024, $20 million in 2023, and $16 million plus a $3 million bonus in 2022, with Vice Chairman Ajit Jain receiving equal pay in those years.
  • Abel owns about $170–171 million of Berkshire stock and in 2022 sold his 1% stake in Berkshire Hathaway Energy back to the company for $870 million, while Ted Weschler remains a key investment deputy after Todd Combs’s departure to JPMorgan.