Berkshire CEO Greg Abel Is Sitting on Nearly $400 Billion in Cash. Here's How His Deal-Making Approach Differs From Warren Buffett's.
Berkshire Hathaway's new CEO has the firepower to make big deals, and his first deal reveals how he's likely to approach acquisitions.
Berkshire Hathaway's President and CEO Greg Abel inherited nearly $400 billion in cash from his mentor and predecessor Warren Buffett when he took the helm in early 2026. This substantial cash reserve was slightly reduced to approximately $365 billion by the end of the second quarter, some of which had been placed in public stocks.
Despite this, Abel's first significant move was the acquisition of Taylor Morrison Home, a real estate company, for around $8.5 billion. While this sum may seem relatively small in the context of Berkshire Hathaway's financial portfolio, it represents a notable investment compared to the $17 billion the company had allocated to Alphabet, Google's parent company.
The acquisition of Taylor Morrison Home is indicative of Abel's distinct approach to deal-making, contrasting markedly with the strategies employed by Warren Buffett.
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- Berkshire CEO Greg Abel Is Sitting on Nearly $400 Billion in Cash. Here's How His Deal-Making Approach Differs From Warren Buffett's. finance.yahoo.com
- Greg Abel Just Spent $23.5 Billion on 9 Stocks for Berkshire Hathaway. Here's the Best of the Bunch. fool.com
- Greg Abel Just Spent $23.5 Billion on 9 Stocks for Berkshire Hathaway. Here's the Best of the Bunch. nasdaq.com
