Berkshire Hathaway Inc (NYSE:BRK.A) has disclosed that its new CEO, Greg Abel, will earn an annual salary of $25 million, a significant increase over Warren Buffett’s long-time pay of $100,000.
The filing with the Securities and Exchange Commission confirms Abel assumed the role on January 1, taking on day-to-day management of the conglomerate’s operations. Under Abel’s leadership, Berkshire appears to be transitioning toward a more conventional executive pay structure.
Abel, 62, previously served as Berkshire’s vice chair of non-insurance operations and chair of Berkshire Hathaway Energy.
He was paid $21 million in 2025, and his new salary aligns with compensation norms for executives at large US companies. S&P 500 CEOs received an average of $18.9 million in 2024.
Buffett, who retired last year after 55 years as CEO, remains chairman and continues to influence the company’s strategy and culture. At Berkshire’s annual shareholder meeting in 2025, Buffett formally recommended Abel as his successor, a move approved unanimously by the board.