Summary by Ground NewsGreg 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.
Published 4 months ago
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
4 months ago·Des Moines, United StatesRead Full Article
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