![]() ![]() Chace founded his first textile mill in 1806. Chace had previously worked for Samuel Slater, the founder of the first successful textile mill in America. īerkshire Hathaway traces its roots to a textile manufacturing company established by Oliver Chace in 1839 as the Valley Falls Company in Valley Falls, Rhode Island. On 16 March 2022, Berkshire Hathaway Class A shares closed above record $500,000 a share, resulting in company's market cap above $730 billion. This is because there has never been a stock split in its Class A shares and Buffett stated in a 1984 letter to shareholders that he does not intend to split the stock. : CS1 maint: url-status ( link)Īs of August 2020, Berkshire's Class B stock is the seventh-largest component of the S&P 500 Index (which is based on free-float market capitalization) and the company is famous for having the most expensive share price in history with Class A shares costing around $500,000 each. Berkshire now owns a diverse range of businesses including confectionery, retail, railroads, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales, manufacture and distribution of uniforms, and several regional electric and gas utilities.Īccording to the Forbes Global 2000 list and formula, Berkshire Hathaway is the eighth-largest public company in the world, the tenth-largest conglomerate by revenue and the largest financial services company by revenue in the world. In the early part of his career at Berkshire, Buffett focused on long-term investments in publicly traded companies, but more recently he has more frequently bought whole companies. The company is known for its control and leadership by Warren Buffett, who serves as chairman and chief executive, and Charlie Munger, the company's vice chairman. Berkshire Hathaway has averaged an annual growth in book value of 19.0% to its shareholders since 1965 (compared to 9.7% from the S&P 500 with dividends included for the same period), while employing large amounts of capital, and minimal debt. įrom 2016, the company acquired large holdings in the major US airlines United Airlines, Delta Air Lines, Southwest Airlines, and American Airlines, but these were sold early in 2020 in the wake of the COVID-19 pandemic. ![]() The company wholly owns GEICO, Duracell, Dairy Queen, BNSF Railway, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Shaw Industries, Pampered Chef, Forest River, and NetJets, and also owns 38.6% of Pilot Flying J and significant minority holdings in public companies Kraft Heinz Company (26.7%), American Express (18.8%), Bank of America (11.9%), The Coca-Cola Company (9.32%), and Apple (5.57%). ( / ˈ b ɜːr k ʃ ər/) is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. ![]()
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