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Buffett Ends 60-Year Run as Berkshire CEO as Greg Abel Takes Helm Jan. 1

Investors now look to Greg Abel to set capital priorities for a cash‑rich, $1 trillion‑plus conglomerate.

Overview

  • Berkshire’s Class A shares recently topped $750,000, lifting the company’s market value to roughly $1.1 trillion.
  • Warren Buffett will remain chairman and has said Greg Abel will have the final word on operations, capital deployment and acquisitions.
  • The company holds about $380 billion in cash and short‑term investments, with Benzinga citing $381.67 billion in cash and $127.24 billion in debt.
  • Abel has overseen most non‑insurance operations since 2018 and was named to succeed Buffett as chief executive effective January 1, 2026.
  • Since Buffett took control in 1965, Class A shares have risen about 3.95 million percent, reflecting decades of disciplined compounding.