# Berkshire Hathaway was a struggling textiles company when Buffett acquired a controlling stake in 1965.

*business · news · 2026-05-19 · The Motley Fool*

## Key points

- Greg Abel became CEO of Berkshire Hathaway at the start of 2026, succeeding Warren Buffett.
- Abel authorized $235 million in Berkshire stock buybacks in Q1 2026, ending Buffett's 2025 pause.
- Buffett invested $77.8 billion in Berkshire stock buybacks between 2018 and 2024, more than any other stock.
- Berkshire Hathaway's cash pile reached over $397 billion in the first quarter of 2026.

**Companies:** Berkshire Hathaway, Apple, Coca-Cola
**Countries:** United States

[Read the full story on The Motley Fool](https://www.fool.com/investing/2026/05/18/greg-abel-bought-235-million-warren-buffetts-stock/)

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