In the USA, they named the successor of one of the richest people in the world

Greg Abel officially confirmed as Warren Buffett's successor to lead Berkshire Hathaway

The board of directors of investment holding company Berkshire Hathaway unanimously voted to appoint businessman Greg Abel as the company's new CEO. According to Reuters, Abel will replace legendary investor Warren Buffett in this position from January 1, 2026.

The historic decision was made on Monday, May 5, and fully met Buffett's own expectations. Earlier, the 94-year-old billionaire had already announced his intention to step down as CEO by the end of the year and publicly named Abel, who held the position of vice chairman for non-insurance operations, as his successor.

After the transfer of power, Buffett will retain his position as chairman of the board of directors of Berkshire Hathaway. According to Forbes, he is among the richest people on the planet with a fortune estimated at $159.6 billion as of May 5, 2025.

In 2024, Forbes identified the richest heir in the world. It was 66-year-old Indian businessman Mukesh Ambani, whose business empire spans the oil and gas sector, telecommunications, and retail. The entrepreneur's fortune is estimated at $116 billion.

Mukesh and his brother Anil received their inheritance from their father in 2002. However, Anil later dropped out of the list of the world's richest heirs after the bankruptcy of his companies.