Berkshire Hathaway said on Tuesday that it has raised its new CEO Greg Abell's annual salary to $25 million, far exceeding the $100,000 annual salary his predecessor Warren Buffett has accepted for more than four decades. Abel, 63, became CEO on January 1. Previously, he served as vice chairman for eight years and was responsible for Berkshire's non-insurance business. During this period, his pay was set by Buffett, and included a salary of $21 million in 2024, a salary of $20 million in 2023, and a salary of $16 million plus a $3 million bonus in 2022. Buffett paid the same amount of compensation to Agit Jenn, the vice chairman responsible for Berkshire's insurance business, from 2022 to 2024. Abel and Jenn's salary for 2025 has not been disclosed. Buffett, 95, has managed the Berkshire company headquartered in Omaha, Nebraska for over 60 years.

Berkshire Hathaway said on Tuesday that it has raised its new CEO Greg Abell's annual salary to $25 million, far exceeding the $100,000 annual salary his predecessor Warren Buffett has accepted for more than four decades. Abel, 63, became CEO on January 1. Previously, he served as vice chairman for eight years and was responsible for Berkshire's non-insurance business. During this period, his pay was set by Buffett, and included a salary of $21 million in 2024, a salary of $20 million in 2023, and a salary of $16 million plus a $3 million bonus in 2022. Buffett paid the same amount of compensation to Agit Jenn, the vice chairman responsible for Berkshire's insurance business, from 2022 to 2024. Abel and Jenn's salary for 2025 has not been disclosed. Buffett, 95, has managed the Berkshire company headquartered in Omaha, Nebraska for over 60 years.