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

Core Viewpoint - Warren Buffett has officially retired as CEO of Berkshire Hathaway, transitioning to the role of Chairman while retaining a significant 38% stake in Class A shares [1][2]. Group 1: Leadership Transition - Greg Abel has officially become the CEO of Berkshire Hathaway as of January 1, 2026, after a long tenure with the company starting in 1999 [5][7]. - Abel has a substantial background in the energy sector, having worked at CalEnergy and leading Berkshire Hathaway Energy since 2008 [4][5]. - Buffett has publicly endorsed Abel as his successor since 2021, emphasizing Abel's capability to lead the company effectively [6][8]. Group 2: Financial Overview - Upon taking over, Abel inherits a significant cash reserve of $381.7 billion and a stock portfolio valued at $314.6 billion [7]. - Abel's personal stake in Berkshire Hathaway is nearly $170 million, and he holds final authority over capital allocation decisions [7]. Group 3: Market Reaction - The stock of Berkshire Hathaway experienced a slight decline on the first day of trading following the leadership change, indicating that Wall Street is cautiously optimistic about the transition [2].