Berkshire Hathaway is an American multinational conglomerate holding business. It was started in 1839 in Rhode Island as a textile manufacturing company and eventually evolved into a diversified holding corporation under the direction of its current Chairman and CEO, Warren Buffett.
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Inception and Owners
Berkshire Hathaway dates back to 1839, when it was founded as the Valley Falls Company. The corporation experienced various modifications and mergers over the years before becoming Berkshire Hathaway. Warren Buffett, a prominent investor and businessman, bought a controlling stake in the company and became Chairman and CEO in 1965. Today, Buffett, often regarded as one of the most successful investors in history, is the largest shareholder and primary owner of Berkshire Hathaway.Berkshire Hathaway is an American multinational conglomerate holding business. It was started in 1839 in Rhode Island as a textile manufacturing company and eventually evolved into a diversified holding corporation under the direction of its current Chairman and CEO, Warren Buffett. Here are some specifics:
Directors
Berkshire Hathaway’s board of directors includes various individuals with diverse experiences and expertise, in addition to Warren Buffett. These directors are in charge of providing direction and oversight to the company’s activities. Notable directors include Charlie Munger, Vice Chairman of Berkshire Hathaway, and Greg Abel, Vice Chairman of Non-Insurance Operations.
Annual Turnover
Berkshire Hathaway has consistently recorded significant annual revenues. However, it is important to note that the company’s revenue is generated through its diverse portfolio of subsidiaries and investments rather than from a single core business. Berkshire Hathaway reported annual revenues of over $245 billion.
Stock Market Holdings
Berkshire Hathaway has made substantial investments in various publicly-traded companies. Some of its notable stock market holdings include major positions in companies like Apple, Bank of America, Coca-Cola, American Express, and Wells Fargo. However, it’s worth mentioning that Berkshire Hathaway’s stock portfolio can change over time as they make new investments or divest from certain holdings.
Investment Companies
Berkshire Hathaway operates as an investment company, using its capital to acquire stakes in other businesses across various sectors. The company seeks out companies with strong fundamentals and long-term growth prospects. Some well-known investments made by Berkshire Hathaway include Geico (an insurance company), Burlington Northern Santa Fe (a railroad company), and See’s Candies (a confectionery manufacturer).
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Subsidiaries
Berkshire Hathaway owns and operates a diverse range of subsidiaries in various industries. Some of its notable subsidiaries include:
These are just a few examples, as Berkshire Hathaway’s portfolio consists of numerous other subsidiaries involved in industries such as manufacturing, retail, finance, and more.
Overall, Berkshire Hathaway, led by Warren Buffett, is multinational conglomerate holding business company.
