Greg Abel Net Worth: Greg Abel is on track to take over as CEO of Berkshire Hathaway from Warren Buffett. He has an inspiring story, rising from poverty to become one of the world’s most powerful business leaders.
Who is Greg Abel
Gregory Edward Abel is a Canadian businessman who was born on June 1, 1962. He is the chairman and CEO of Berkshire Hathaway Energy. Since January 2018, he has also served as vice-chairman of Berkshire Hathaway’s non-insurance operations. It was revealed on May 3, 2025, that he would take over as CEO of Berkshire Hathaway from Warren Buffett.
What Is Greg Abel’s Net Worth?
As per the report, experts estimate Greg Abel’s net worth to be approximately $1 billion. He earned his fortune through his stake in Berkshire Hathaway Energy (BHE), a company he helped grow. Abel held a significant share in the energy division of Berkshire Hathaway, which proved to be a lucrative asset.
In 2022, he sold his stake in Berkshire Hathaway Energy for about $870 million before taxes. This sale marked a major milestone in his career. Abel also increases his wealth as Vice Chairman of Berkshire Hathaway’s non-insurance businesses, earning a large salary and benefits.
Abel’s diversified portfolio, including shares in Berkshire Hathaway and other investments, boosts his net worth. This solidifies his position as one of the most successful executives today.
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Greg Abel’s Early Life and Education
Abel Gregory was born in Edmonton, Alberta, on June 1, 1962.
As a child, Abel did strange jobs to make money, like handing out flyers and returning bottles. He was also a worker for a business that made forest products. [3] As a kid, he liked football and hockey.
In 1984, he got his bachelor’s degree in accounting from the University of Alberta. He is also a qualified public accountant with the AICPA.
Greg Abel’s Career Journey: From Executive to CEO
At Berkshire Hathaway Energy, Greg Abel proved to be a strong leader with a keen eye for business opportunities. As CEO of the company from 2008 to 2018, he managed big purchases like PacifiCorp and NV Energy.
These deals expanded Berkshire Hathaway’s energy business. They also showcased Abel’s talent for spotting profitable investments. In 2018, the company recognized his efforts. It appointed him Vice-Chair of Non-Insurance Business Operations and added him to the board alongside Ajit Jain.
As per the report of the India Times
Greg Abel’s Leadership Role at Berkshire Hathaway
In recent years, Abel has become a key figure at Berkshire Hathaway. He manages various businesses, including manufacturing, utilities, and railroads. As vice chairman of non-insurance operations, he oversees Berkshire Hathaway Energy, which has grown under his leadership. He also manages major subsidiaries like BNSF Railway and Dairy Queen.
Abel has kept a low profile in public, even though he has had a lot of success. He would rather focus on running the business than seeking attention.
Within the company, people have discussed Abel’s promotion to CEO for years. Buffett and other leaders have consistently expressed confidence in their ability to continue the business legacy. In 2021, Buffett officially named Abel as his successor. Since then, owners have seen Abel take a more active role in key decisions. He has focused especially on investments and capital allocation.
Conclusion
Greg Abel’s rise from humble beginnings to CEO of Berkshire Hathaway showcases his business acumen and leadership. In 2025, his net worth is $1 billion, built from his management of Berkshire Hathaway Energy and strategic investments. Warren Buffett appointed Abel as CEO, and Abel has earned the trust of the company’s leadership. He is now set to continue its legacy of success. His journey highlights the impact of hard work, smart decisions, and dedication in the business world.