Back بيركشير هاثاواي Arabic بيركشير هاثاواى ARZ Berkshire Hathaway AST Berkshire Hathaway Azerbaijani برکشایر هاتاوی AZB Бъркшър Хатауей Bulgarian বার্কশায়ার হ্যাথাওয়ে Bengali/Bangla Berkshire Hathaway Catalan Berkshire Hathaway Czech Berkshire Hathaway Welsh
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 Blackstone Plaza, the location of Berkshire's corporate offices in Omaha, Nebraska | |
| Company type | Public |
|---|---|
| ISIN | US0846707026 |
| Industry | Conglomerate |
| Predecessor |
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| Founded | 1839 |
| Founder | Oliver Chace |
| Headquarters | Blackstone Plaza, , U.S. |
Area served | Worldwide |
Key people |
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| Products | List
|
| Revenue |  US$364.5 billion (2023) |
| US$120.16 billion (2023) | |
| US$96.22 billion (2023) | |
| Total assets | US$1.069 trillion (2023) |
| Total equity | US$567.5 billion (2023) |
| Owner | Warren Buffett: 38.4% of the Class A voting shares, representing a 15.1% overall economic interest in the company Bill & Melinda Gates Foundation: 1.85% interest, shares were donated by Buffett |
Number of employees | 396,500 (2023) |
| Subsidiaries | See List of subsidiaries |
| Website | berkshirehathaway |
| Footnotes / references [2][3][4] | |
Berkshire Hathaway Inc. (/ˈbɜːrkʃər/) is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate starting in 1965 under the management of chairman and CEO Warren Buffett and vice chairman Charlie Munger (1978–2023). Greg Abel now oversees most of the company's investments and has been named as the successor to Buffett. Buffett personally owns 38.4% of the Class A voting shares of Berkshire Hathaway, representing a 15.1% overall economic interest in the company.[4]
The company is often compared to an investment fund; between 1965, when Buffett gained control of the company, and 2023, the company's shareholder returns amounted to a compound annual growth rate (CAGR) of 19.8% compared to a 10.2% CAGR for the S&P 500.[5] However, in the 10 years ending in 2023, Berkshire Hathaway produced a CAGR of 11.8% for shareholders, compared to a 12.0% CAGR for the S&P 500.[6] From 1965 to 2023, the stock price had negative performance in only eleven years (1966, 1970, 1973, 1974, 1984, 1990, 1999, 2002, 2008, 2011, 2015).[7] In August 2024, Berkshire Hathaway became the eighth U.S. public company and the first non-technology company to be valued at over $1 trillion on the list of public corporations by market capitalization.[8]
Berkshire Hathaway is ranked 5th on the Fortune 500 rankings of the largest United States corporations by total revenue and 9th on the Fortune Global 500.[9] Berkshire is one of the ten largest components of the S&P 500[10] and is on the list of largest employers in the United States. Its class A shares have the highest per-share price of any public company in the world, reaching $700,000 in August 2024, because the board of directors has historically been opposed to stock splits.[11]
- ^ 2023 Annual Report, "Item 1: Business Description"
- ^ "Berkshire Hathaway". Forbes.
- ^ "US SEC: Form 10-K Berkshire Hathaway Inc" (PDF). U.S. Securities and Exchange Commission. February 25, 2024.
- ^ a b "Berkshire Hathaway Inc. SCHEDULE 14A". U.S. Securities and Exchange Commission. March 15, 2024.
- ^ Speights, Keith (September 11, 2024). "3 Reasons Buying Warren Buffett's Favorite Stock Is Smarter Than Investing in an S&P 500 ETF". The Motley Fool.
- ^ "Berkshire's solid 2023 gain isn't enough to beat S&P". CNBC. December 29, 2023.
- ^ Hubin, Raphaël (December 19, 2023). Get Rich slowly and carefully with Berkshire Hathaway (1st ed.). Switzerland: Editions Anonymes GmbH. pp. 126–134. ISBN 978-2-9701750-1-8.
- ^ Li, Yun (August 28, 2024). "Buffett's Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so". CNBC. Archived from the original on August 28, 2024.
- ^ "Fortune: Berkshire Hathaway". Fortune.
- ^ "S&P 500". S&P Dow Jones Indices. S&P Global.
- ^ Li, Yun (August 24, 2024). "Warren Buffett leads Berkshire Hathaway to new heights at age 94". CNBC.