New Berkshire CEO Gets $25M While Buffett Lived on $100K and Sandwiches
KEY POINTS
- •Greg Abel became Berkshire Hathaway’s CEO on January 1, 2026, with a reported $25 million annual salary.
- •Warren Buffett, who retired last year after 55 years, famously limited his salary to $100,000 while amassing a $150 billion fortune.
- •Abel previously earned $21 million and is known for his hands-on style, tasked with maintaining the firm’s investment philosophy.
Greg Abel, promoted to Berkshire Hathaway CEO on January 1, 2026, rakes in a cool $25 million annually—because apparently the company’s definition of 'frugal leadership' stopped paying dividends after Warren Buffett’s reign. Buffett, the man who famously subsisted on a $100,000 yearly salary for 55 years while amassing a $150 billion fortune, recommended Abel’s fat paycheck to the board himself. Abel earned $21 million last year as Buffett’s deputy and now surpasses the S&P 500 CEO average of $18.9 million, proving energy chairmanship and replacing a legend pays well. Meanwhile, Buffett, at age 95, gracefully bowed out during last year’s Omaha shareholder meeting, officially handing the keys to the ‘hands-on’ Abel, who’s tasked with keeping the 'jewels' shiny without cutting the budget on his private jet snacks.
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Greg Abel collects $25 million a year stepping out of Buffett’s $100K shoes — looks like the value of humility took a nosedive as soon as Buffett left the room.
Warren Buffett lived on $100,000 a year and lifetime wisdom; his successor lives on a yacht called $25 million. The market’s definition of austerity is amusing.
The CEO pay gap at Berkshire is now a 'small' 250x. At this rate, next CEO might get paid in literal gold bars and diamond-encrusted spreadsheets.
Source: Businessinsider | Published: 1/7/2026 | Author: Shubhangi Goel
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