Berkshire Hathaway

Berkshire Hathaway Inc.
Company typePublic
ISINUS0846707026
IndustryConglomerate
Predecessor
Founded1839 (1839)
FounderOliver Chace
HeadquartersBlackstone Plaza, ,
United States
Area served
Worldwide
Key people
Products
RevenueIncrease US$364.5 billion (2023)
Increase US$120.16 billion (2023)
Increase US$96.22 billion (2023)
Total assetsIncrease US$1.069 trillion (2023)
Total equityIncrease US$567.5 billion (2023)
OwnerWarren Buffett (30.71% of votes, 16.45% of shares)
Number of employees
396,500 (2023)
SubsidiariesSee List of subsidiaries
Websiteberkshirehathaway.com
Footnotes / references
[2][3]

Berkshire Hathaway Inc. (/ˈbɜːrkʃər/) is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Founded in 1839 as a textile manufacturer, it underwent a drastic restructuring into a conglomerate starting in 1965 under the leadership of chairman and CEO Warren Buffett and vice chairman Charlie Munger. The company's main business and source of capital is insurance, from which it invests the float (the retained premiums) in a broad portfolio of subsidiaries, equity positions and other securities. Buffett and Munger are known for their advocacy of value investing principles and under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt.[4]

The company's insurance brands include auto insurer GEICO and reinsurance firm Gen Re. Its non-insurance subsidiaries operate in diverse sectors such as confectionery, retail, railroads, home furnishings, machinery, jewelry, apparel, electrical power and natural gas distribution. Among its partially owned businesses are Pilot Flying J (80%),[5] Kraft Heinz Company (26.7%), American Express (18.8%), Paramount Global (15.4%),[6] Bank of America (11.9%), The Coca-Cola Company (9.32%) and Apple (5.57%).[7][8]

Berkshire is one of the top ten components of the S&P 500 index[9] and one of the largest American-owned private employers in the United States. Its class A shares have the highest per-share price of any public company in the world, reaching $500,000 in March 2022, because Buffett chooses not to split the stock.[10]

  1. ^ 2023 Annual Report, "Item 1: Business Description"
  2. ^ "Berkshire Hathaway". Forbes.
  3. ^ "US SEC: Form 10-K Berkshire Hathaway Inc" (PDF). U.S. Securities and Exchange Commission. February 25, 2024.
  4. ^ Warren Buffett. "2021 Annual Report" (PDF). Berkshire Hathaway. p. 2. Archived (PDF) from the original on February 26, 2022. Retrieved November 24, 2022.
  5. ^ Mohamed, Theron (March 1, 2023). "Warren Buffett's Berkshire Hathaway quietly made a $8.2 billion acquisition that taps into the electric-vehicle boom". Archived from the original on March 2, 2023.
  6. ^ Li, Yun (May 26, 2023). "Paramount pops after Buffett's favorite banker makes 'interesting' bet in media giant's key shareholder". CNBC. Retrieved August 8, 2023.
  7. ^ "Apple hits record high after Buffett's Berkshire increases stake". Reuters. Archived from the original on May 4, 2018. Retrieved May 4, 2018.
  8. ^ "Apple (AAPL) Institutional Holdings". Nasdaq. Retrieved September 6, 2022.
  9. ^ "S&P 500". S&P Down Jones Indices. S&P Global. Retrieved December 30, 2023.
  10. ^ Vega, Nicolas (March 17, 2022). "Berkshire Hathaway shares topped $500,000 each—here's why Warren Buffett says he'll never split the stock". CNBC. Retrieved March 17, 2022.

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