Greg Abel is set to take over as CEO at Berkshire Hathaway. Warren Buffett stunned shareholders on Saturday with the announcement that, after 55 years, he would step down.
Category
😹
FunTranscript
00:00Meet Greg Abel, the new CEO of Berkshire Hathaway, starting January 1st, 2026.
00:07Warren Buffett announced this stunning news over the weekend telling his shareholders
00:12that he is stepping down after 55 years.
00:15Now, here's what we know about the new guy.
00:17Abel's been Buffett's right-hand man for years.
00:21He's the vice president of the company's non-insurance operations and also chair of Berkshire Hathaway
00:27Energy, one of the pillars of the business.
00:30Abel's a Canadian.
00:32He got a commerce degree and worked his way up from BWC to a small energy firm
00:37that Berkshire Hathaway eventually acquired.
00:40Experts say that Abel's got a hands-on approach and investors trust him to protect Berkshire's legacy
00:46and, more importantly, its fortress balance sheet.
00:50Forbes estimated Abel's net worth being around $484 million in 2021.
00:57Despite that, he keeps a low profile in Des Moines, where locals see him at the hockey
01:01ring like any regular dad.
01:04Kind of the same as Buffett, who also has a folksy reputation.
01:07While the board elected Abel, he's got Buffett's blessing too.
01:11The investing legend says he's not just handing over a title, he's passing down a philosophy.
01:17Here's where they are.
01:18Railroad.
01:19The rear road.
01:19The .
01:20.
01:21.
01:22The car .
01:23.
01:31.