Berkshire Hathaway Increases CEO Abel’s Salary to $25 Million

On January 6, Berkshire Hathaway announced a significant increase in the salary of its new Chief Executive, Greg Abel, elevating it to $25 million. This figure starkly contrasts with the $100,000 annual salary that his predecessor, Warren Buffett, maintained for over four decades.

Greg Abel, now 63 years old, officially took on the role of chief executive on January 1. Prior to this, he spent eight years as vice chairman, where he was responsible for overseeing Berkshire’s non-insurance businesses.

During his tenure as vice chairman, Abel’s compensation was determined by Buffett. His salary history includes a remarkable $21 million in 2024, $20 million in 2023, and a combination of a $16 million salary with a $3 million bonus in 2022.

In a similar vein, Vice Chairman Ajit Jain, who manages Berkshire’s insurance operations, received the same salary amounts from 2022 to 2024. As of now, the compensation details for both Abel and Jain for 2025 remain undisclosed.

Warren Buffett, now 95, has led Omaha, Nebraska-based Berkshire Hathaway for more than 60 years. Under his stewardship, the company has transformed into a colossal conglomerate valued at over $1 trillion, encompassing nearly 200 businesses. These include well-known entities such as Geico car insurance, the BNSF railroad, and a diverse range of operations in insurance, energy, manufacturing, and retail.

Despite stepping down as CEO, Buffett continues to serve as Berkshire’s chairman and remains one of the wealthiest individuals globally. Throughout his leadership, Berkshire has consistently stated in regulatory filings that its executive compensation program is “different” from those typically found in most public companies.

In addition to his salary, Abel holds approximately $171 million in Berkshire stock. Notably, in 2022, he sold his 1% stake in the Berkshire Hathaway Energy business back to the company for an impressive $870 million.

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Talent

On January 6, Berkshire Hathaway announced a significant increase in the salary of its new Chief Executive, Greg Abel, elevating it to $25 million. This figure starkly contrasts with the $100,000 annual salary that his predecessor, Warren Buffett, maintained for over four decades.

Greg Abel, now 63 years old, officially took on the role of chief executive on January 1. Prior to this, he spent eight years as vice chairman, where he was responsible for overseeing Berkshire’s non-insurance businesses.

During his tenure as vice chairman, Abel’s compensation was determined by Buffett. His salary history includes a remarkable $21 million in 2024, $20 million in 2023, and a combination of a $16 million salary with a $3 million bonus in 2022.

In a similar vein, Vice Chairman Ajit Jain, who manages Berkshire’s insurance operations, received the same salary amounts from 2022 to 2024. As of now, the compensation details for both Abel and Jain for 2025 remain undisclosed.

Warren Buffett, now 95, has led Omaha, Nebraska-based Berkshire Hathaway for more than 60 years. Under his stewardship, the company has transformed into a colossal conglomerate valued at over $1 trillion, encompassing nearly 200 businesses. These include well-known entities such as Geico car insurance, the BNSF railroad, and a diverse range of operations in insurance, energy, manufacturing, and retail.

Despite stepping down as CEO, Buffett continues to serve as Berkshire’s chairman and remains one of the wealthiest individuals globally. Throughout his leadership, Berkshire has consistently stated in regulatory filings that its executive compensation program is “different” from those typically found in most public companies.

In addition to his salary, Abel holds approximately $171 million in Berkshire stock. Notably, in 2022, he sold his 1% stake in the Berkshire Hathaway Energy business back to the company for an impressive $870 million.

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Talent