“The directors agree that if anything happened to me tonight, Greg would take over after me tomorrow morning,” Buffett said.
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Greg Abel will succeed 90-year-old Buffett.
Photo: Nati Harnik, CTK / AP
Abel is in charge of business outside the insurance industry, such as the railway company BNSF or the energy division of Berkshire Hathaway Energy. Before becoming Vice President of the Conglomerate in 2014, he was at the head of the Energy Division.
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The American Forbes estimates Buffett’s fortune as of March 2021 at $ 103.7 billion (2.22 trillion crowns). That makes him the sixth richest man on the planet.
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Buffett took over Berkshire Hathaway, originally a textile company in Nebraska, in 1965. It gradually expanded its activities to other segments until it grew into a huge conglomerate that employs almost 400,000 people and generates an annual turnover of around $ 250 billion (5.35 trillion crowns). .
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