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4w ago

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

The pay disclosure signals a break from Warren Buffett’s $100,000 salary, sharpening focus on how Abel will deploy Berkshire’s record cash.

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.
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Greg Abel will make $25 million in cash in his new role.

Overview

  • Berkshire said in a Tuesday SEC filing that Greg Abel’s annual cash salary is $25 million, effective Jan. 1, 2026.
  • Abel, 63, took over as CEO on Jan. 1 after eight years overseeing non‑insurance operations as vice chair, while Warren Buffett remains chairman.
  • As chief executive, Abel assumes oversight of Berkshire’s insurance businesses and capital allocation for roughly $380 billion in cash and a large public equity portfolio.
  • Regulatory disclosures show Abel owns about $170–$171 million of Berkshire stock and sold his 1% stake in Berkshire Hathaway Energy to Berkshire for $870 million in 2022.
  • The compensation shift follows Abel’s $21 million salary in 2024 and contrasts with Buffett’s long‑standing $100,000 pay, with investors watching early decisions and investment oversight as Ted Weschler remains and Todd Combs has left for JPMorgan.