Abel’s ‘Extreme Competence’ Seen as Ticket to Following Buffett

Executive will inherit a sprawling $630 billion conglomerate
Age was a determining factor in picking Abel for the top role

WATCH: Warren Buffett says Greg Abel would be his likely successor if he were to step down. (Source: Bloomberg)

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By Katherine Chiglinsky

May 3, 2021 at 10:26 AM UTC

Updated on

May 3, 2021 at 5:13 PM UTC

This article is for subscribers only.

Replacing the irreplaceable Warren Buffett won’t be easy.

But that’s the path ahead for Greg Abel, a Berkshire Hathaway Inc. vice chairman who was publicly identified as the successor to America’s most renowned investor for the first time on Monday. Buffett said the 58-year-old executive will take over the $630 billion business when he steps down.