The incredible story of Greg Abel’s rise from accountant to Berkshire Hathaway CEO is one of perseverance, foresight, and a steadfast dedication to long-term value. With a projected net worth of $1 billion by 2025, Abel’s story is not only about his wealth but also the careful choices that have molded one of the biggest corporations globally. What is remarkable about Abel is that his wealth has increased gradually—not through magic bullets, but through steady expansion, astute investments, and a unique capacity to predict the future of the businesses he has worked for.
Abel’s career path, which started in 1992 when he joined CalEnergy, a small electricity company, is strongly linked to his net worth. Warren Buffett quickly became interested in him because of his keen business sense and remarkable ability to navigate intricate transactions. Under Abel’s direction, MidAmerican Energy was purchased by Berkshire Hathaway in 2000 and subsequently rebranded as Berkshire Hathaway Energy. The foundation for Abel’s current strong financial position was created by this calculated acquisition. His strategic acquisition of shares in Berkshire Hathaway, which have significantly increased in value over time, has contributed to his ongoing rise in net worth.
| Name | Greg Abel |
|---|---|
| Born | June 1, 1962 |
| Birthplace | Edmonton, Alberta, Canada |
| Education | Bachelor of Commerce, University of Alberta (1984) |
| Occupation | CEO of Berkshire Hathaway Energy, Vice Chairman of Berkshire Hathaway |
| Spouse | Andrea Abel |
| Children | 4 |
| Net Worth | $1 billion (2025 estimate) |
| Major Investments | Berkshire Hathaway Energy, Kraft Heinz |
| Notable Accomplishments | Led major acquisitions, including NV Energy and PacifiCorp |
Abel’s wealth is a result of his patient and astute investment management, not just the size of his holdings. For example, he paid $68 million for 168 Class A shares of Berkshire Hathaway in 2022, a significant acquisition. He showed his faith in the company’s long-term prospects by taking this action. Abel also sold a 1% share in Berkshire Hathaway Energy in 2022 for $870 million, which is more evidence of his exceptional skill in navigating challenging financial situations.
He has amassed a sizable fortune and gained the respect of peers and investors due to his ability to make such calculated decisions. Many people claim that Abel and Warren Buffett have very similar business strategies, particularly in regards to their emphasis on long-term capital allocation. As demonstrated by his work with utilities like PacifiCorp and NV Energy, Abel has demonstrated a remarkable ability to make acquisitions that result in long-term value, much like Buffett.
Abel’s wealth has increased dramatically over time, which is evidence of his perseverance and the methodical manner in which he has constructed his financial empire. Abel has made a significant impact on Berkshire Hathaway’s future by choosing to increase his wealth gradually, in contrast to many of his peers who frequently make headlines with ostentatious investments or abrupt moves. His financial portfolio has greatly benefited from his position as CEO of Berkshire Hathaway Energy, particularly as the business has diversified into renewable energy sources like geothermal, solar, and wind.
Abel’s legacy keeps expanding as he gets ready to succeed Warren Buffett at the end of 2025. He has overseen the consistent growth of several of Berkshire Hathaway’s subsidiaries, including the manufacturing and railroad divisions. One of the most noteworthy periods of his career was leading Berkshire Hathaway Energy, which in 2024 alone brought in over $25 billion in revenue. Abel’s financial situation has improved dramatically as a result of these accomplishments, and his influence is expected to increase dramatically as he assumes the CEO position.
Abel has remained remarkably low-key despite his astounding financial success. Many people like him because of his grounded outlook on life and modest lifestyle, especially in light of his enormous wealth. Abel, who lives in Des Moines, Iowa, prefers to keep out of the public eye and concentrate on his specialty, which is making calculated business decisions that advance the long-term objectives of the organizations he leads.
Abel’s ability to uphold the principles that Warren Buffett has ingrained in the business over the years is what really makes him stand out, not just his business sense. Abel has repeatedly demonstrated that he shares Buffett’s long-standing support for moral investing and a long-term approach to capital allocation. Buffett himself has even said in public that he thinks Abel is doing a good job of leading Berkshire Hathaway into the future. “Greg understands capital allocation as well as I do,” Buffett said. We’re lucky about that.
Abel has taken a very creative approach, particularly in regards to the diversification of his investments. He has led some of Berkshire’s biggest and most profitable acquisitions, such as PacifiCorp and NV Energy, both of which have boosted the success of Berkshire Hathaway Energy. Abel’s handling of Dominion Energy’s pipeline acquisition in 2020 also enhanced his standing as a shrewd negotiator who can make strategic decisions that pay off in the long run.
Even though Abel is a key player in one of the biggest corporations in the world, he has stayed out of the public eye. He is still committed to managing Berkshire Hathaway with the same honesty and hard work that Warren Buffett has demonstrated for many years. Abel’s influence will only grow as he gets ready to take over as CEO in 2026. Because of his wise investments and his unwavering adherence to the values that have made Berkshire Hathaway one of the most reputable corporations in the world, his financial portfolio will continue to prosper.
