Age, Biography, and Wiki
Greg Abel was born on June 1, 1962. His rise to prominence began with his leadership in the energy sector, particularly as the head of Berkshire Hathaway Energy. He has been chosen by Warren Buffett to succeed him as the CEO of Berkshire Hathaway, marking a significant milestone in his career.
| Occupation | Executives |
|---|---|
| Date of Birth | 1 June 1962 |
| Age | 63 Years |
| Birth Place | Edmonton, Alberta, Canada |
| Horoscope | Gemini |
| Country | Canada |
Height, Weight & Measurements
There is no publicly available information regarding Greg Abel's height, weight, or measurements.
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Dating & Relationship Status
Greg Abel's personal relationship status is not widely reported in the media.
| Parents | |
| Husband | Andrea Abel |
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Net Worth and Salary
As of 2025, Greg Abel's net worth has surpassed $1 billion, with a significant portion of his wealth coming from his leadership in the energy sector. In 2021, his net worth was estimated to be around $484 million. He holds approximately $175 million in Berkshire stock, which accounts for about 18% of his total wealth.
Career, Business, and Investments
Greg Abel's career at Berkshire Hathaway began with his role as the CEO of Berkshire Hathaway Energy. He has been instrumental in several strategic moves, including the sale of $87 billion in shares back to Berkshire in 2022. Abel also holds positions as a director and Vice Chairman of Berkshire Hathaway and owns shares in The Kraft Heinz Co..
Gregory Edward Abel (born June 1, 1962) is a Canadian businessman, chairman and CEO of Berkshire Hathaway Energy, and vice-chairman of non-insurance operations of Berkshire Hathaway since January 2018. On May 3, 2025, it was announced that he will become the successor to Warren Buffett as the Chief Executive Officer of Berkshire Hathaway.
Abel began his career as a chartered accountant with PricewaterhouseCoopers in their San Francisco office. In 1992, he joined CalEnergy, a geothermal electricity producer. In 1999, CalEnergy acquired MidAmerican Energy, adopting its name, and Berkshire Hathaway acquired a controlling interest later that year. Abel became CEO of MidAmerican in 2008, and the company was renamed Berkshire Hathaway Energy in 2014.
In a May 2021 interview, Warren Buffett confirmed Abel as his future successor as CEO of Berkshire Hathaway. Abel's handling of CalEnergy’s take-over of a British utility in the 1990s is credited to mark the start of this transition.
On May 3, 2025 Warren Buffett was quoted as stating "The time has arrived where Greg should become the chief executive officer of the company at year end", thus paving the way for Abel to succeed Buffett as CEO of Berkshire Hathaway. As reported by the Associated Press, only Buffett's two children knew Abel would be announced as the next CEO at the time. Abel had no prior warning.
Social Network
Greg Abel maintains a relatively low profile on social media platforms, with no significant public presence.
During his childhood, Abel did odd jobs like distributing flyers and returning bottles to make money. He also worked as a laborer for a forest products company. He enjoyed hockey and football as a child.
In October 2022, it was announced that Abel purchased 168 shares of Berkshire Class A shares worth approximately $68 million. This equates to an approximate average share purchase price of $404,761.90. Prior to this latest purchase, Abel held five Class A shares and 2,363 Class B shares, according to previous filings.
Education
Greg Abel is a Canadian-born accountant, indicating he has a background in accounting or finance. However, specific details about his educational institutions are not widely available.
In summary, Greg Abel is poised to take over as CEO of Berkshire Hathaway, bringing significant experience and wealth to the role. His career has been marked by strategic leadership and financial acumen, positioning him for continued success in the business world.
Abel is also vice chairman of Edison Electric Institute, and a director of AEGIS Limited, Kraft Heinz, Nuclear Electric Insurance Limited, the Hockey Canada Foundation, the Mid-Iowa Council Boy Scouts of America, and the American Football Coaches Foundation. He has been on the board of trustees at Duke University and Drake University.
