Warren Buffett's Successor Greg Abel Owns $170 Million of This 1 Stock

"Warren Buffett officially retired as the CEO of Berkshire Hathaway at the start of this year. He is no longer as involved in but will be the Chairman and guide the company as needed. Plus, he retains a significant stake in Berkshire Hathaway, with 38% of Class A shares being his. BRK stock is down slightly on the first day of trading, so Wall Street mostly seems content with the leadership change. Investors will now look for results and reward/punish the stock based on that."

"He was born in Alberta, Canada, and spent most of his early life there, graduating from the University of Alberta in 1984. He worked at one of the "Big Four" accounting firms, called PwC. He then joined CalEnergy (a geothermal power company) and eventually took on leadership roles connected to utility acquisitions. CalEnergy bought MidAmerican Energy in 1999, shortly after which Berkshire took a majority stake. This brought Abel into Buffett's orbit."

"Greg Abel officially became Berkshire's CEO on January 1, 2026. He effectively started in 1999 and became CEO of Berkshire Hathaway Energy in 2008. In 2018, Buffett promoted Abel to vice chair of Berkshire Hathaway (alongside Ajit Jain), putting him over Berkshire's non-insurance operations at the parent-company level. He has managed major Berkshire businesses since 2018, including BNSF Railway, Dairy Queen, See's Candies, and multiple manufacturing operations. All of that experience is sure to come in handy when scrutinizing various businesses before buying their stocks."

Warren Buffett retired as Berkshire Hathaway CEO at the start of the year and remains chairman while retaining 38% of Class A shares. BRK stock fell slightly on the first trading day, suggesting Wall Street accepts the leadership change for now. Investors will evaluate and trade the stock based on future results under new leadership. Greg Abel, born in Alberta and a University of Alberta graduate, worked at PwC and CalEnergy before joining Berkshire after CalEnergy's MidAmerican sale. Abel became CEO on January 1, 2026, after rising through roles including CEO of Berkshire Hathaway Energy and vice chair overseeing non-insurance operations.

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