Greg Abel’s $25 million salary is up 19% from $21 million in 2024|Tankforwin|CC BY-SA 4.0
Berkshire Hathaway’s new CEO, Greg Abel, is starting with a big pay bump. His annual cash salary will be $25 million, the company reported Tuesday in a Securities and Exchange Commission filing.
His $25 million salary is up 19% from $21 million in 2024, with additional compensation.
In January, Abel took over from the legendary investor Warren Buffett, whose decades-long salary was just $100,000.
As CEO, Abel will manage the company’s $382 billion cash and run its many businesses, including insurance, utilities, railroads, and a $283 billion stock portfolio.
Even with the new pay, Abel earns far less than some tech CEOs, like Elon Musk, who has a $1 trillion Tesla deal.