Berkshire Hathaway (BRK.B) has confirmed that new CEO Greg Abel will earn an annual salary of $25 million in cash.
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Abel became President and CEO of Berkshire Hathaway on Jan. 1 of this year, taking over from 95-year-old Warren Buffett, who had led the holding company for 60 years. Abel is only the second CEO in Berkshire’s history and previously ran the company’s energy business.
The salary disclosure makes no mention of other possible compensation such as stock awards or bonus incentives. It might be that Abel is only entitled to the $25 million cash salary. Under Buffett, Berkshire Hathaway was known for its frugality and for refusing to lavish executives with stock awards or other perks.
What Buffett Earned
Like Warren Buffett, Greg Abel is already wealthy and owns considerable shares in Berkshire Hathaway. As of a May 2025 disclosure, Greg Abel owned 228 Class A shares and 2,363 Class B shares of Berkshire Hathaway. Abel’s combined stock holdings are worth $171.72 million.
However, Abel’s annual salary of $25 million is considerably more than what Warren Buffett earned leading Berkshire Hathaway. For several decades, Buffett was paid an annual salary of $100,000, with no bonuses or stock awards. That said, Buffett is the largest individual stockholder of Berkshire Hathaway, with a stake worth more than $100 billion.
Is BRK.B Stock a Buy?
Only a couple of analysts currently offer a rating and price target on Berkshire Hathaway’s more affordable Class B stock. So instead, we’ll look at the shares’ three-month performance. As one can see in the chart below, shares of BRK.B have declined 0.63% over the past 12 weeks.
