Who is Greg Abel Warren Buffetts pick as successor CEO of Berkshire Hathaway?

Greg Abel, the next CEO of Berkshire Hathaway hand-picked by Warren Buffett, is a Canadian-born near-billionaire who lives a humble life as a regular guy in Des Moines, Iowa, and is a longtime company man.The 62-year-old, who has worked at Berkshire Hathaway for over 20 years, was named to its board of directors in 2018, and was serving as vice chairman of non-insurance operations before the high profile promotion announcement.The Edmonton native has particular expertise in business areas such as utilities, railroads, and retail, according to CNBC.A Canadian by birth and accountant by trade, Abel was previously CEO of Berkshire Hathaway Energy, initially called MidAmerican Energy, which was bought by Buffett in 2008.Abel graduated from the University of Alberta with a bachelor’s degree in accounting in 1984.He currently lives in Des Moines, Iowa despite having a roughly billion-dollar net worth, according to Business Insider.The rising CEO of the trillion-dollar enterprise was described as a regular dad who coaches his son’s hockey and baseball teams, by the Des Moines Register.Abel sold his 1% stake in Berkshire Hathaway Energy for $870 million in 2022, Business Insider reported.Abel was key in the company’s decision to grow their position in five Japanese conglomerates — which the rising CEO has suggested the company will hold for decades, that report stated.Since 2021, the executive has been known as the heir apparent — thanks to the late right-hand man of Buffett, Charlie Munger, who accidentally divulged the information at their annual shareholder meeting, CNBC reported.Buffett, 94, announced the decision to retire as CEO of Berkshire Hathaway Saturday at the same annual meeting, dubbed “Woodstock for Capitalists,” where he made the decision go public with his blessing of Abel.“The rest of them, this will come as news to, but I think the time has arrived where Greg should become the chief executive officer of the company at year end,” the Ora...