Business

Potential successor to Warren Buffett buys $24.6 million in Berkshire stock



Berkshire Hathaway

CEO Greg Abel, the apparent heir to CEO Warren Buffett, bought $24.6 million worth of Berkshire stock on Friday, bringing the total value of his stake in the company to about $105 million, according to a rule. Apply on Tuesday.

Abel, head of Berkshire’s non-insurance operations (ticker: BRK.A, BRK.B), purchased 55 Class A shares for $447,259 on Friday, increasing his stake in A stock. up 228 shares. He also owns 2,263 Class B shares. Berkshire shares were up 1% Tuesday to $460,515 and B shares were up 0.9% to $303.85.

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