Warren Buffett just passed the keys of Berkshire Hathaway to Greg Abel

24 Jan 2026 · 1 min

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A short YouTube news segment by Dan Novaes reporting that Warren Buffett, age 95, has stepped down and handed control of Berkshire Hathaway to Greg Abel. The clip summarizes Abel’s background (born in Alberta, joined Berkshire after Buffett acquired MidAmerican Energy in 2000), his steady rise (board member, president, chairman; publicly named successor in 2021), and Berkshire’s scale (over $1 trillion market value and nearly $380 billion in cash). The video frames the transfer as the start of a new era under Abel’s leadership.

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Warren Buffett says this is the man he trusts more than anyone else on earth with his money. Meet Greg abel, the new CEO of Berkshire Hathaway. After more than 60 years, Warren Buffett has officially stepped down at age 95, handing control of one of the most powerful companies in the world to a new leader. Greg Abel was born and raised in Alberta, Canada, and has spent over three decades in business and investing. His journey with Berkshire began in 2000, when Buffett acquired Abel's company, Mid American Energy, introducing him to Buffett and Charlie Munger. From there, Abel steadily rose through the ranks. Board member, president, chairman, and in 2021, Buffett publicly named him as his successor. Berkshire today is massive. Over a trillion dollars in market value and nearly $380 billion in cash, built by two of the greatest investors in history. Buffett believed Abel was ready and that Berkshire would benefit from a younger CEO leading the next era. Now, for the first time in six decades, the keys have been handed over. Warren Buffett may still be around, but the future of Berkshire Hathaway is officially in Greg Abel's hands. For for more entrepreneur stories and information like this, follow UBK.