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Berkshire Hathaway

Berkshire Hathaway

Berkshire Hathaway is an american multinational conglomerate holding company founded in 1969 by Oliver Chace.

Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, and NetJets, and also owns 38.6% of Pilot Flying J; 26.7% of the Kraft Heinz Company, and significant minority holdings in American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Company (9.4%), Bank of America (6.8%), and Apple (5.22%).

Since 2016, the company has acquired large holdings in the major US airline carriers, and is currently the largest shareholder in United Airlines and Delta Air Lines, and a top three shareholder in Southwest Airlines and American Airlines. 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.

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. 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. Berkshire now owns a diverse range of businesses including confectionery, retail, railroads, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales, newspaper publishing, manufacture and distribution of uniforms, and several regional electric and gas utilities. According to the Forbes Global 2000 list and formula, Berkshire Hathaway is the third largest public company in the world, the tenth largest conglomerate by revenue and the largest financial services company by revenue in the world.

Berkshire is currently the seventh largest company in the S&P 500 Index by market capitalization, and is famous for having the most expensive share price in history with a Class A share costing around $300,000 each. This is due to the fact that there has never been a stock split and Buffett has stated in a 1984 letter to shareholders that he does not intend to do so.

Timeline

April 30, 2019
Berkshire Hathaway committed $10 billion to help Occidental Petroleum compete in a bidding war for Anadarko Petroleum.

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People

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Role
LinkedIn

Ajit Jain

Vice Chairman - Insurance Operations

Charles Munger

Vice Chairman

Derrick Brieva

Employee

Gregory Abel

Vice Chairman - Non Insurance Operations

Ted Weschler

Investment Manager

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News

Title
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Samantha Leathers
September 11, 2021
Express.co.uk
THE AMERICAN business mogul and investing tycoon Warren Buffett has shared some of the top businesses he believes will be compounding high return rates in the near future, as well as some of the top stocks in his own portfolio that could see investors making millions.
Mark Oldacres
August 25, 2021
Express.co.uk
WARREN BUFFETT has made billions from these five investments.
CNN
August 17, 2021
CTVNews
Apple, Google and other big companies around the world are continuing to add to their massive piles of cash, a sign that corporations are increasingly nervous about how the highly contagious Delta variant of COVID-19 could damage the global economy.
August 7, 2021
mint
The Berkshire Hathaway CEO has more cash than he knows what to do with. But Apple, Amazon and other tech giants face a similar dilemma.
Samantha Leathers
July 13, 2021
Express.co.uk
WARREN BUFFETT is known as the ultimate go-to for investing inspiration, but what do some of his well-known quotes mean when it comes to investing? Laith Khalaf, financial analyst at AJ Bell, has picked out some lesser known Buffettisms.
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