Greg Abel Biography
Greg Abel is a Canadian businessman who has served as the chairman and CEO of Berkshire Hathaway Energy and the vice-chairman of Berkshire Hathaway’s non-insurance operations since January 2018.
How old is Greg Abel? – Age
He is 60 years old as of 1 June 2022. He was born in 1962 in Edmonton, Canada. His real name is Gregory Edward Abel.
Greg Abel Family – Education
His mother worked as a legal assistant before becoming a stay-at-home mother. His father worked in the sales industry. Growing up, he developed a passion for hockey, which was sparked by his uncle, Hall of Famer Sid Abel, who played for the Detroit Red Wings. He was no slouch in the classroom; after high school, he studied commerce at the University of Alberta before earning his AICPA certification.
Greg Abel Wife
Aside from her name, little is known about Greg Abel’s wife, Andrea. Friends say the couple prefers to keep a low profile and spend the majority of their free time with family. He has four children from his first marriage: three grown children and a young son from his second marriage.
How much does Greg Abel make? – Net Worth
Abel has an estimated net worth of $484 million. The majority of his fortune stems from a 1% stake in Berkshire Hathaway Energy. With BHE currently valued at $53.4 billion, Abel’s stake is worth around $480 million.
Greg Abel House
His house features and photos are not revealed. He is said to be a neighbour to Warren Buffet.
Greg Abel Portfolio
Abel began his career as a chartered accountant in the San Francisco office of PricewaterhouseCoopers. He joined CalEnergy, a geothermal electricity producer, in 1992. CalEnergy acquired MidAmerican Energy in 1999, adopting its name, and Berkshire Hathaway later that year acquired a controlling interest. MidAmerican was renamed Berkshire Hathaway Energy in 2014 after Abel became CEO in 2008.
Abel was appointed to Berkshire Hathaway’s board of directors and named vice chairman for non-insurance operations in January 2018. Abel is also a director of the Associated Electric & Gas Insurance Services Limited, Kraft Heinz, Nuclear Electric Insurance Limited, Hockey Canada Foundation, Mid-Iowa Council Boy Scouts of America, and American Football Coaches Foundation.
He has served on the boards of trustees at both Duke and Drake Universities. Warren Buffett confirmed Abel as Berkshire Hathaway’s future CEO in May 2021, while speaking with partner Charlie Munger. The start of this transition is attributed to Abel’s handling of CalEnergy’s takeover of a British utility in the 1990s.