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Key takeaways
- Greg Abel, the new CEO of Berkshire Hathaway, receives an annual salary of 25 million dollars (just over 21 million euros).
- Warren Buffett fully supports Abel and trusts him to manage his own finances
Greg Abel, the new CEO of Berkshire Hathaway, will see his salary rise to 25 million dollars (just over 21 million euros) per year. The change took effect on 1 January 2026, the date on which Abel officially took over as CEO.
Buffett’s seal of approval
Warren Buffett, the legendary investor who previously headed Berkshire Hathaway, was a strong advocate of Abel’s appointment. In May 2023, Buffett expressed his confidence in Abel in an interview with CNBC, stating that he would trust Abel more to manage his finances than any other investment adviser or CEO in the US.
Abel previously served as vice chairman for non-insurance operations at Berkshire Hathaway. In 2024, his salary for that role amounted to 21 million dollars (18 million euros). By comparison, Buffett’s annual salary as CEO in 2024 was 100,000 dollars (85,000 euros), plus 305,111 dollars (260,000 euros) in “other compensation”.
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