Overview
- Abel’s compensation represents a 19% increase from the $21 million he earned in 2024 as vice chairman overseeing non‑insurance businesses.
- Warren Buffett stepped down as CEO on January 1 and remains chairman, with an estimated $150 billion net worth and 36.4% of Berkshire’s Class A shares.
- As CEO, Abel is expected to steward roughly $382 billion in cash and a public equity portfolio valued at $283 billion as of September 30.
- The compensation committee also sets pay for Ajit Jain and longtime CFO Marc Hamburg using criteria tied to the scale, complexity, and economics of the businesses they oversee.
- Abel holds about $171 million in Berkshire stock and previously sold a 1% stake in Berkshire Hathaway Energy to the company for approximately $870 million.