Warren Buffett’s Hand-Off: Greg Abel Buys America’s Dream, One Billion-Dollar House at a Time
KEY POINTS
- •Greg Abel took over Berkshire Hathaway’s CEO role on January 1 and quickly acquired Taylor Morrison for $8.5 billion in cash.
- •Abel intends to consolidate Taylor Morrison’s brands with Berkshire's 15 homebuilders to address the US housing affordability crisis.
- •Alongside real estate moves, Berkshire increased its Alphabet stake to about $28 billion, marking Abel’s aggressive investment style.
On January 1st, Greg Abel officially became Berkshire Hathaway’s CEO, inheriting Warren Buffett's colossal $380 billion cash stash and a nearly 60-year empire that started as a New England textile mill. Abel marked his CEO debut by swooping in to acquire Taylor Morrison—a $8.5 billion homebuilding giant raking in about $1 billion pre-tax annually—joining forces with Berkshire’s 15 other housing ventures like Clayton Homes and Acme Brick. Abel’s grand plan? Unite Taylor Morrison’s Esplanade and Yardly brands to tackle America’s housing affordability crisis, all while Buffett marvels that Abel sealed the deal faster and smoother than he ever could without a CEO pep talk. Meanwhile, Berkshire went from zero to $28 billion in Alphabet shares in under a year, because apparently AI tech stocks are the new coke and GE to Buffett’s surprise. With newcomers like Michael O’Sullivan and Charles Chang joining the scene, Greg Abel’s stamp is undeniable—kind of like decorating a $1 trillion empire with a $10 billion OxyChem accessory.
Share the Story
(1 of 3)Greg Abel’s first moves as Berkshire CEO: bought Taylor Morrison for $8.5B, turned Google into a $28B side hustle, and somehow did it faster than Buffett blinking. Not bad for starting the year!
Buffett’s retired, but his money is still partying hard while Greg Abel plays mix-and-match with $8.5 billion worth of houses and $28 billion in Google shares.
Greg Abel buying homes and Alphabet stocks like a kid with a corporate credit card who just discovered eBay’s luxury auction section.
Source: Businessinsider | Published: 7/27/2026 | Author: Theron Mohamed
More Articles in Business
Democrats Learn GOP's Anti-Incumbency Wave Is Actually a Tsunami
Scottish Labour Leadership Drama More Entertaining Than Their Election Results
Microsoft Plays Cloud Tug-of-War, Ends Up Pulling Its Own Plug
Google and Microsoft Race to Make Being Dumped Feel Like a Spa Day
Former Trader Joe’s Baker Still Scheming for Rainbow Trout and Crispy Snacks
Entrepreneur's $10,000 Pickleball Paddle Empire Dominated by Amazon's Snack Fees
Florida: Now a Billionaire Retirement Plan with Yacht Parking Included
