Home / Business and Economy / Berkshire CEO's Salary Skyrockets Past Buffett's $100k
Berkshire CEO's Salary Skyrockets Past Buffett's $100k
7 Jan
Summary
- New CEO Greg Abel's salary is $25 million, vastly higher than Buffett's.
- Abel previously served as vice chairman overseeing non-insurance businesses.
- Warren Buffett remains Berkshire's chairman after 60 years of leadership.
Berkshire Hathaway has announced that its new Chief Executive, Greg Abel, will receive an annual salary of $25 million. This compensation package represents a substantial shift from the $100,000 annual salary that Warren Buffett accepted for more than four decades while leading the company.
Abel, who is 63 years old, officially assumed the CEO role on January 1, 2026, following an eight-year tenure as vice chairman responsible for Berkshire's non-insurance divisions. His compensation during that period was set by Buffett and included substantial salaries in recent years.
Warren Buffett, now 95, will continue as the chairman of the Omaha, Nebraska-based company. He built Berkshire Hathaway into a global conglomerate exceeding $1 trillion in value over his more than 60 years at the helm.
