Berkshire Hathaway
American multinational conglomerate holding firm Berkshire Hathaway Inc. has its main office in Omaha, Nebraska. Insurance is its primary line of work and source of funding, and it invests the float (retained premiums) in a diverse range of subsidiaries, equity holdings, and other securities. Warren Buffett, the company's chairman and CEO since 1965, and Charlie Munger, the vice chairman since 1978, are renowned for their support of value investing ideas. Under their leadership, the company's book value has increased by 20% on average, compared to 10% for the S&P 500 index over the same time span when dividends were taken into account while using significant amounts of capital and little debt.
GEICO, a car insurer, and General Re, a reinsurance firm, are among the company's insurance brands. Its non-insurance companies work in a variety of industries, including confectionery, retail, railroads, home furnishings, machinery, jewelry, apparel, electrical power, and natural gas delivery. Pilot Flying J (80%), Kraft Heinz Company (26.7%), American Express (18.8%), Bank of America (11.9%), The Coca-Cola Company (9.32%), and Apple (5.57%) are among its partially owned companies.
Berkshire Hathaway ranks seventh in the S&P 500 index and first in the Forbes Global 2000, which considers both market value and fundamental statistics. The business is one of the largest privately held American companies in the United States. Because Buffett chooses not to split the stock, its class A shares have the highest per-share price of any public business in the world, hitting $500,000 in March 2022.
Founded:
- As a textile manufacturing company in 1839; 184 years ago
- As a holding company in 1970; 53 years ago
Headquarter: Omaha, Nebraska, U.S.
Website: https://berkshirehathaway.com
