Buffett Refused A Raise For Decades, His Successor Earns 250x More To Lead Berkshire Hathaway

Warren Buffett ended his multi-decade tally arsenic the CEO of Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) astatine the extremity of 2025. Things volition look antithetic for the conglomerate successful 2026, including however overmuch the CEO is paid.

New CEO Greg Abel, who takes implicit from Buffett aft serving successful enactment roles for Berkshire's vigor and non-insurance businesses, has large shoes to fill.

Replacing the legendary capitalist known to galore arsenic the "Oracle of Omaha" volition beryllium nary casual task with investors expecting much beardown runs for the investing powerhouse’s stock.

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Abel, successful his caller role, volition beryllium compensated importantly much than Buffett was arsenic the company's CEO. Berkshire Hathaway precocious announced successful a filing that Abel volition person a basal wage of $25 million.

Buffett was antecedently paid a basal wage of $100,000 arsenic Berkshire CEO. This means Abel volition present makes 250 times much than the value-investing fable successful the relation arsenic CEO.

Buffett was besides paid $305,111 successful 2024 for idiosyncratic and location information costs, which were paid by the company.

Unlike galore companies that wage banal options and banal compensation, Berkshire Hathaway pays lone a wage and different costs.

Abel antecedently made $21 cardinal arsenic the Vice Chairman of Berkshire’s non-insurance operations successful 2024. His 2025 compensation has not been announced.

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The caller CEO besides owns shares successful the company. A 2025 filing showed Abel owning 228 Berkshire Hathaway Class A shares and 2,363 Class B shares.

Buffett owned 206,359 Class A shares and 951 Class B shares arsenic of March 5, 2025. This represented 37.9% of Class A shares astatine the time.

Buffett took power of Berkshire Hathaway successful 1965 and served successful the relation of CEO and Chairman for galore decades aft that. The erstwhile CEO is presently the 10th richest idiosyncratic successful the world, with a nett worthy of $150 billion, according to Bloomberg. Buffett has pledged to springiness distant the bulk of his fortune.

Buffett received a wage of $100,000 per twelvemonth for galore decades, refusing to beryllium highly compensated oregon person raises. The legendary capitalist chose alternatively to amusement his dedication to the institution and shareholders.