OMAHA, Neb. — Billionaire Warren Buffett’s follower purchased almost $70 million worth of stock in the corporation he is slated to one day lead.
Berkshire Hathaway Vice Chairman Greg Abel on Monday revealed purchasing 168 Class A shares in the business in a filing with the Securities and Exchange Commission.
The purchases made last Thursday at rates inbetween $405,800 and $408,514.01 per share will provide Abel a little stake of 173 Class A shares in the Omaha, Nebraska-based business’s future.
His holdings pale in contrast to Buffett’s Berkshire financialinvestment. The famous financier, who hasactually been Berkshire’s Chairman and CEO for years, holds 229,016 A shares and 276 B shares to provide him control of more than 30% of Berkshire’s ballot stock. He hasactually been slowly offering his shares away to 5 structures, with most of his contributions going to the B