"Berkshire Hathaway is an American international conglomerate holding firm headquartered in Omaha, Nebraska, USA. The firm entirely has GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Cook, Woodland River and also NetJets, as well as additionally has 38.6% of Pilot Flying J; and significant minority holdings in U.S. public companies Kraft Heinz Firm (26.7%), American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Firm (9.32%), Financial Institution of America (6.8%), and Apple (5.22%). [4] Beginning in 2016, the business obtained big holdings in the significant United States airline company carriers, namely United Airlines, Delta Air Lines, Southwest Airlines as well as American Airlines [5] yet sold every one of its airline holdings early in 2020. [6] Berkshire Hathaway has actually averaged an annual growth in book worth of 19.0% to its investors because 1965 (contrasted to 9.7% from the S&P 500 with rewards included for the very same period), while utilizing huge quantities of resources, as well as very little financial debt.

The firm is recognized for its control as well as leadership by Warren Buffett, that works as chairman as well as president, and by Charlie Munger, one of the firm's vice-chairmen. In the early part of his job at Berkshire, Buffett focused on lasting financial investments in publicly traded firms, however extra recently he has actually a lot more frequently bought whole business. Berkshire currently owns a varied range of companies consisting of confectionery, retail, railways, home furnishings, encyclopedias, manufacturers of vacuum, jewelry sales, manufacture and also distribution of uniforms, and also numerous local electric as well as gas utilities.

According to the Forbes Global 2000 list and also formula, Berkshire Hathaway is the 3rd largest public company in the world, the tenth largest conglomerate by earnings as well as the largest economic solutions company by income in the world.

Since April 2020, Berkshire's Course B stock is the eighth-largest element of the S&P 500 Index (which is based on free-float market capitalization) and also the company is well-known for having the most costly share price in background with Class A shares costing around $300,000 each. This is since there has actually never been a stock split in its Course A shares and also Buffett stated in a 1984 letter to shareholders that he does not plan to split the stock."