Warren Buffett ended his long tenure as CEO of Berkshire Hathaway at the close of 2025. Greg Abel will take over as CEO, earning a base salary of $25 million, significantly more than Buffett’s $100,000. Abel also owns shares in the company and has big shoes to fill as the new leader.

Abel, the incoming CEO of Berkshire Hathaway, previously made $21 million in 2024 as Vice Chairman of non-insurance operations. With no 2025 compensation announced, Abel faces the challenge of following in the footsteps of the legendary Warren Buffett, who held the top position for decades.

Buffett, known as the “Oracle of Omaha,” took control of Berkshire Hathaway in 1965. With a net worth of $150 billion, he is the 10th richest person globally. Refusing raises, Buffett maintained a $100,000 salary for over 40 years, showing dedication to the company and shareholders.

Buffett’s successor, Abel, will be compensated significantly more as CEO. Unlike many companies, Berkshire Hathaway only pays a salary and additional costs, with no stock options or compensation. Abel’s salary marks a significant increase from Buffett’s modest earnings during his tenure as CEO.

Read more at Yahoo Finance: Buffett Refused A Raise For Decades, His Successor Earns 250x More To Lead Berkshire Hathaway