Despite the index’s stellar performance in 2025 and over the past decade, Berkshire has maintained a remarkable run of never having a bad year, even as Buffett has faced challenges in effectively deploying the conglomerate’s $1.08 trillion capital.
Berkshire’s portfolio of subsidiaries is diverse and includes insurance, railroad, energy, manufacturing and retail. Major holdings include Geico, BNSF Railway, Berkshire Hathaway Energy and retail brands such as Brooks, Dairy Queen, Fruit of the Loom and See’s Candies. As of September, the company held $381.7 billion in cash and cash equivalents.
Greg Abel, 63, who joined Berkshire in 2000 with the acquisition of MidAmerican Energy, now Berkshire Hathaway Energy, has been vice chairman since 2018, overseeing the company’s non-insurance operations. Warren Buffett, 95, will remain chairman and maintain a daily presence at Berkshire’s headquarters in Omaha to assist Abel during the transition.
Vice Chairman Ajit Jain will continue to oversee Berkshire’s insurance operations, while Abel will oversee its rail, manufacturing and energy operations. Leadership changes are also underway in the consumer products, services and retail divisions, with NetJets chief executive Adam Johnson taking on direct oversight responsibilities previously held by Abel.
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