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Des Moines man set to be Warren Buffett's successor buys nearly $70M in Berkshire Hathaway stock

Summary by Ground News
Greg Abel of Des Moines, Warren Buffett's designated successor, has bought almost $70 million in Berkshire Hathaway stock. Berkshire owns more than 90 companies including BNSF railroad, Geico insurance, several major utilities. Abel already oversees all of Berkshire's noninsurance businesses, and Buffett has said that he will one day take over as CEO.

4 Articles

The Globe & MailThe Globe & Mail
Center

Warren Buffett’s designated successor Greg Abel boosts Berkshire stake

Vice chairman spent more than $68 million on the conglomerate’s shares last week

·Canada
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Des Moines RegisterDes Moines Register
Center

Des Moines man set to be Warren Buffett's successor buys nearly $70M in Berkshire Hathaway stock

While the purchase was substantial, it's well shy of the $870 million stake in Berkshire-owned MidAmerican Energy that Abel sold last summer

·Des Moines, United States
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Fox BusinessFox Business
Lean Right

Buffett's successor buys nearly $70M of Berkshire stock

Greg Abel, vice chair of billionaire Warren Buffet's Berkshire Hathaway, purchased 168 class A shares at prices between $405,800 and $408,514.01 per share, worth almost $70 million

·United States
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CNBCCNBC
Center

Warren Buffett's successor Greg Abel ramps up Berkshire Hathaway stake significantly

Greg Abel, Warren Buffett's designated successor, just increased his stake in Berkshire Hathaway significantly as he gets ready to take on more responsibility.

·United States
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CNBC broke the news in United States on Tuesday, October 4, 2022.
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