Greg Abel, a Canadian businessman and CEO of Berkshire Hathaway Energy, is Greg Abel. He is also vice-chairman of Berkshire Hathaway’s non-insurance operations. Warren Buffet has recently named Greg Abel the successor to Berkshire Hathaway. If Buffet dies, Abel will be taking over as CEO. Greg Abel’s net worth is approximately $500 million, as of 2022.
|Full Name||Gregory Edward Abel|
|The Birth Date||June 1, 1962|
|Birth Place||Edmonton, Alberta, Canada|
|Net Worth||500 million|
Greg Abel was conceived in Edmonton, Alberta on the 1st. June 1962. His father worked in the environment and fire solutions firm Levitt Safety. His mother was responsible for maintaining the house. Heather MacBeath, his younger sister, is also his. Greg attended Bonnie Doon Composite High School. He didn’t really enjoy extracurricular activities at high school. He did, however, enjoy playing football.
He did odd jobs while studying high school. He also worked for Levitt Safety where he filled fire extinguishers. Greg received a small scholarship from Levitt Safety and later joined the University of Alberta. He graduated from the University of Alberta in 1984 with a degree in commerce.
Greg Abel Net Worth & Career
Abel’s early work experience came as an accountant for the Edmonton-based multinational firm, PricewaterhouseCoopers. While working in the company, he was approached to join the internal accounting team of the geothermal company, CalEnergy Co. Greg’s dedication and hard-working nature impressed the CEO, David Sokol. He gave Abel an opportunity to expand his operation skill by working as a controller at one of his company’s power plants.
Greg was moved to the United Kingdom by David Sokol in 1996. After he purchased a U, K. utility company, he was moved to the United States in 1999, after CalEnergy acquired an Iowa-based utility. He served as the company’s president. He was elected CEO of MidAmerican in 2008. The company was renamed Berkshire Hathaway Energy after his tenure.
In January 2018, Greg was appointed vice chairman of Berkshire Hathaway for its non-insurance operations. The board of directors of Berkshire named Greg as the successor to Warren Buffet in May 2022 at the annual meeting. Warren confirmed the news during a CNBC interview on May 3, 2022.
Greg Abel Personal life
Greg Abel has been married twice. From his first wife, he has three grown children. He was under 7 years old when he moved to the U.K. in 1996. Sources indicate that he is now married again and has a son with his second wife.
Greg Abel Net Worth
As of 2022, Greg Abel’s personal wealth is estimated to be around $500 million. Berkshire Hathaway pays him a handsome annual salary of $19 million. Additionally, he has 5 Berkshire Hathaway Class B shares and 2363 Class A shares. These shares are worth approximately $280 per share. The total stake was approximately $2.8million.