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Berkshire Hathaway CEO Warren Buffett has indicated Greg Abel will be his likely successor.
"The directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning," Buffett told CNBC.
|BRK.A||BERKSHIRE HATHAWAY, INC.||422,181.91||+9,895.41||+2.40%|
|BRK.B||BERKSHIRE HATHAWAY, INC.||280.84||+6.14||+2.24%|
In 2018, FOX Business reported that Abel was the leading candidate to succeed Buffett, based on insight from "Buffettologists" who have studied and scrutinized all things Berkshire.
WARREN BUFFETT'S SUCCESSOR WILL BE GREG ABEL: REPORT
However, during Berkshire Hathaway's annual shareholder meeting on Saturday, Vice-chairman Charlie Munger signaled, "Greg will keep the culture" according to reports.
Here is a FOX Business roundup of five important things to know about the man who will be handed the keys to Buffett's empire.
BERKSHIRE HATHAWAY REPORTS $11.7 BILLION PROFIT AS MANUFACTURING, SERVICE, RETAIL RECOVER FROM PANDEMIC
Who is Greg Abel?
Abel, described as affable, hails from Alberta, Canada, and is a University of Alberta-trained accountant with a bachelor of commerce degree who lives and breathes all forms of energy.