Warren Buffett's succession plan & net worth: What to know

00:00 Speaker A

Warren Buffett says the clip has arrived to statesman the CEO succession program for Berkshire Hathaway. The 94-year-old investing fable plans to manus implicit the presumption to Berkshire's vice chairman, Greg Abel, astatine the extremity of 2025. Buffett has been CEO since 1970 and has been readying the modulation for years. In his 2014 yearly letter, Buffett outlined the qualities idiosyncratic would request to beryllium the adjacent CEO. One of them being the quality to marque wealth successful excess, but not get greedy and pursuit bigger paychecks conscionable to support up with different executives. Buffett famously makes a wage of $100,000 a twelvemonth astatine Berkshire, a fig that hasn't changed successful implicit 35 years according to an SEC filing. He besides doesn't instrumentality bonuses. To compare, Nvidia CEO Jensen Huang volition marque a basal wage of 1 and a fractional cardinal dollars successful fiscal 2025. But don't get the incorrect idea. Buffett is worthy billions of dollars owed to his stock ownership successful Berkshire Hathaway. Buffett is the 5th richest idiosyncratic live according to the Bloomberg Billionaires Index. He has a nett worthy of astir $169 billion, trailing different large tech CEOs similar Elon Musk, Mark Zuckerberg, and Jeff Bezos. The bulk of Buffett's wealthiness comes from his 37% involvement successful Berkshire Hathaway worthy astir $167 billion. In 2025 alone, Buffett's nett worthy has grown by $26.6 billion. That is simply a important summation amid caller marketplace volatility that's deed the nett worthy of galore different billionaires. Berkshire Hathaway has outperformed the S&P 500 truthful acold this year, bolstered by the firm's diversified portfolio of owned businesses and equity investments.