Warren Buffet’s successor is standing on a mountain of 29 lakh crores, know what will be done for so much money?

When Warren Buffet stood at the age of 94 in the last minutes of the 60th annual meeting of Hathaway, everyone understood that he would tell an investment formula or a funny anecdote as usual.

But he said something that shocked everyone. Even his successor Greg Abel was not aware of this news. Buffett announced that this would be his last shareholders meeting and will now take over the company’s reins.

29 lakh crore responsibility on Abel’s shoulder

Greg Abel has a $ 1.2 trillion dollars’ responsibility on the shoulders. Along with this, he also has the responsibility of stocks from veteran stocks like Apple and American Express to insurance, energy, railway and consumer brands. Apart from this, they are getting inherited cash of $ 350 billion, they are about 29 lakh crores in Indian rupees. Now the question arises that how will Greg Abel bear all these responsibilities.

Buffet’s magic and abbal test

Alice Shroder, who wrote a biography of Warren Buffett, says that Buffett’s charisma was different and it is difficult to repeat it. However, Abel has already proved his ability. He brought Berkshire’s energy unit to large heights and made many big deals. But now they will have real test. Actually, Berkshire has a huge investment portfolio, which is very big responsibility to handle.

What will happen to 4 lakh employees?

About 4 lakh employees work in Berkshire. In such a situation, after Warren Buffet, this big question has arisen whether Abel will be able to handle these 4 lakh employees. However, Abel has said that he will follow the principles of Buffett. But there are many questions in the minds of investors whether Berkshire’s stock will be equally attractive without buffett? Will the company give dividend or increase share back?

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