Berkshire Hathaway CEO Warren Buffett said during the Omaha, Nebraska-based conglomerate’s annual shareholder meeting on Saturday that he plans for his named successor, Greg Abel, to take over the top spot at the end of 2025. When Abel officially assumes the role on Jan. 1, 2026, he will not lack resources: the 94-year-old Buffett's fabled firm is currently sitting on a record $347.7 billion in cash and short-term investments, up from $334.2 billion at the end of last year.
This hoard represents a huge pool of dry powder and also offers a lesson in how firms that are fortunate enough to have a cash surplus should manage those holdings. In Berkshire Hathaway's case, a significant portion of this cash reserve is invested in U.S. Treasury bills.
