"Berkshire Hathaway is an American multinational conglomerate holding firm headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, Duracell, Dairy Products Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, Woodland River as well as NetJets, as well as additionally possesses 38.6% of Pilot Traveling J; and considerable minority holdings in UNITED STATE public companies Kraft Heinz Firm (26.7%), American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Company (9.32%), Financial Institution of America (6.8%), and Apple (5.22%). [4] Beginning in 2016, the business obtained huge holdings in the major United States airline company providers, namely United Airlines, Delta Air Lines, Southwest Airlines and also American Airlines [5] however offered every one of its airline company holdings early in 2020. [6] Berkshire Hathaway has actually balanced an annual growth in book value of 19.0% to its investors considering that 1965 (compared to 9.7% from the S&P 500 with returns consisted of for the exact same period), while utilizing huge amounts of resources, and very little debt.

The business is known for its control and also leadership by Warren Buffett, who acts as chairman as well as chief executive, and by Charlie Munger, one of the company's vice-chairmen. In the very early part of his profession at Berkshire, Buffett focused on lasting investments in publicly traded business, yet much more recently he has more often purchased whole business. Berkshire currently has a varied series of companies including confectionery, retail, railroads, furnishings, encyclopedias, producers of vacuum, jewelry sales, manufacture as well as circulation of uniforms, and also several regional electric and gas utilities.

According to the Forbes Global 2000 list and also formula, Berkshire Hathaway is the third largest public business on the planet, the tenth largest corporation by earnings and also the biggest monetary services business by profits worldwide.

As of April 2020, Berkshire's Course B supply is the eighth-largest element of the S&P 500 Index (which is based upon free-float market capitalization) as well as the firm is famous for having the most pricey share cost in history with Class A shares setting you back around $300,000 each. This is since there has actually never ever been a supply split in its Course A shares as well as Buffett specified in a 1984 letter to investors that he does not plan to split the supply."