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The Economic Times
The Economic Times
Debaroti Adhikary

Warren Buffett's successor puts record $400 billion cash pile to work. What's he buying?

Warren Buffett Berkshire Alphabet Greg Abel Berkshire Hathaway Google Chris Wood

As Greg Abel takes on the challenge of succeeding legendary investor Warren Buffett as Berkshire Hathaway's CEO, he has begun putting the company's record cash pile to work, with investments in companies including Google parent Alphabet and others.

Abel took over as CEO of Berkshire Hathaway on January 1 this year. The move comes after Berkshire reported a record cash pile of nearly $400 billion at the end of the first quarter of 2026. Earlier this year, Buffett told CNBC that it was not the ideal environment to deploy Berkshire's record cash hoard. Several market analysts have suggested that the rationale behind this approach could be expectations of a sharper market correction ahead.

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