"Berkshire Hathaway is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The business completely possesses GEICO, Duracell, Dairy Products Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Cook, Woodland River as well as NetJets, as well as also owns 38.6% of Pilot Flying J; as well as substantial minority holdings in U.S. public companies Kraft Heinz Business (26.7%), American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Company (9.32%), Financial Institution of America (6.8%), and also Apple (5.22%). [4] Starting in 2016, the firm got large holdings in the major United States airline service providers, namely United Airlines, Delta Air Lines, Southwest Airlines as well as American Airlines [5] yet sold every one of its airline company holdings early in 2020. [6] Berkshire Hathaway has actually averaged a yearly growth in publication worth of 19.0% to its shareholders given that 1965 (compared to 9.7% from the S&P 500 with dividends included for the exact same period), while employing big quantities of funding, and also marginal financial debt.

The firm is known for its control as well as management by Warren Buffett, who functions as chairman as well as chief executive, as well as by Charlie Munger, among the business's vice-chairmen. In the very early part of his profession at Berkshire, Buffett concentrated on long-term financial investments in publicly traded firms, yet extra recently he has actually much more regularly bought whole business. Berkshire currently has a varied variety of organisations including confectionery, retail, railroads, furnishings, encyclopedias, manufacturers of vacuum cleaners, fashion jewelry sales, manufacture and also distribution of uniforms, as well as a number of regional electrical and gas energies.

According to the Forbes Global 2000 list and formula, Berkshire Hathaway is the third largest public business on the planet, the tenth biggest corporation by revenue as well as the biggest financial services firm by profits in the world.

Since April 2020, Berkshire's Course B supply is the eighth-largest part of the S&P 500 Index (which is based on free-float market capitalization) and the business is well-known for having the most expensive share rate in history with Class A shares setting you back around $300,000 each. This is due to the fact that there has actually never ever been a supply split in its Class A shares as well as Buffett stated in a 1984 letter to investors that he does not intend to divide the stock."