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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.

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