The 91-year-old “God of Stock” Warren Buffett has finally named a successor

Warren Buffett, one of the world’s richest men and known as the “God of Stocks,” recently named his successor. Warren Buffett, one of the world’s richest men and known as the “God of Stocks,” has finally given the name of his chosen “successor. He is Berkshire Hathaway Holdings Inc. Hathaway Holdings Inc.’s current vice chairman Greg Abel. Abel (Greg Abel).

According to Foxbusiness.com (Foxbusiness), Buffett told CNBC: “The directors agreed that if something happened to me tonight, it would be Greg who would take over tomorrow morning.”

In recent years, as Buffett has gotten older, the media has been constantly asking who could be Buffett’s successor. According to reports, there are actually two candidates Buffett is considering, one is Abel and the other is Ajit Jain, the CEO of Berkshire. Both of them took office in 2018.

Abel is reported to have praised Warren Buffett at the company’s 2019 shareholder meeting. He also told Fox Business’ Liz Claman that Buffett is a “great guy.

Buffett said age was a decisive factor for the board to consider. Both Abel and Jahn are “great people,” he said. However, Abel is 10 years younger than the 59-year-old Jahn.

Meanwhile, it is estimated that Howard Buffett, Buffett’s son, will succeed his father as non-executive chairman of Berkshire.

Buffett has been named “God of Stock” for his successful investment performance over the years. He is also worthy of the title “God of Stocks” in terms of actual performance.

<Abel’s Profile

Originally from Alberta, Canada, Abel graduated from the University of Alberta with a bachelor’s degree in business and is an accountant. He is described as an “affable” person.

Abel joined CalEnergy, a geothermal power company, in 1992. In 1999, CalEnergy acquired MidAmerican Energy and renamed it. In 2008, Abel became CEO of MidAmerican Energy. In 2014, the company changed its name to Berkshire Hathaway Energy.

In 2018, Abel joined Berkshire Hathaway’s board of directors as vice chairman of non-insurance operations. As Berkshire . Hathaway Holdings Inc.’s current vice chairman, he also manages more than 90 subsidiaries for Warren Buffett.