Buffett Initiated Berkshire's $30 Billion Alphabet Stake as Abel Takes Over in 2026
Updated
Updated · Yahoo Finance · Aug 10
Buffett Initiated Berkshire's $30 Billion Alphabet Stake as Abel Takes Over in 2026
3 articles · Updated · Yahoo Finance · Aug 10
Summary
$30 billion of Berkshire Hathaway's Alphabet stake was personally initiated by Warren Buffett, who told CNBC he made the call after stepping down as CEO.
Buffett said Greg Abel backed the investment, underscoring that the two remain closely aligned even after Abel took over leadership at the start of 2026.
Berkshire's structure still gives Buffett influence: he moved from CEO to chairman, while leaving Abel nearly $400 billion in cash and room to run day-to-day operations.
Abel is already putting his own stamp on the conglomerate, including Berkshire's Taylor Morrison Home purchase and plans to tie it more closely to its housing businesses.