Berkshire Hathaway

Berkshire Hathaway Inc.
	Blackstone Plaza, the location of Berkshire's corporate offices in Omaha, Nebraska
Company type	Public
Traded as	NYSE: BRK.A (Class A); NYSE: BRK.B (Class B); S&P 100 component (BRK.B); S&P 500 component (BRK.B);
ISIN	US0846707026
Industry	Conglomerate
Predecessor	Valley Falls Company (1839–1929); Berkshire Fine Spinning Associates (1929–1955); Hathaway Manufacturing Company (1888–1955);
Founded	1839
Founder	Oliver Chace
Headquarters	Blackstone Plaza, Omaha, Nebraska, United States
Area served	Worldwide
Key people	Warren Buffett (Chairman & CEO); Greg Abel (Vice chair, non-insurance); Ajit Jain (Vice chair, insurance);
Products	List Property & casualty insurance; Reinsurance; Rail transport; Electric power; Natural gas; Real estate services; Industrial parts & materials; Mobile homes; Building materials; Recreational vehicles; Apparel; Retail stores and services; Aviation services;
Revenue	US$364.5 billion (2023)
Operating income	US$120.16 billion (2023)
Net income	US$96.22 billion (2023)
Total assets	US$1.069 trillion (2023)
Total equity	US$567.5 billion (2023)
Owner	Warren Buffett (30.71% of votes, 16.45% of shares)
Number of employees	396,500 (2023)
Subsidiaries	See List of subsidiaries
Website	berkshirehathaway.com
	Footnotes / references;

Berkshire Hathaway Inc. (/ˈbɜːrkʃər/) is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Founded in 1839 as a textile manufacturer, it underwent a drastic restructuring into a conglomerate starting in 1965 under the leadership of chairman and CEO Warren Buffett and vice chairman Charlie Munger. Today, the company's earning power is diversified across a broad portfolio of subsidiaries, equity positions and other securities. Insurance is a major area of operations and the float (the retained premiums) generated serves as an important source of capital. Buffett and Munger are known for their advocacy of value investing principles and under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt.

The company's insurance brands include auto insurer GEICO and reinsurance firm Gen Re. Its non-insurance subsidiaries operate in diverse sectors such as confectionery, retail, railroads, home furnishings, machinery, jewelry, apparel, electrical power and natural gas distribution. Among its partially owned businesses are Kraft Heinz Company (26.7%), American Express (18.8%), Paramount Global (15.4%), Bank of America (11.9%), The Coca-Cola Company (9.32%) and Apple (5.57%).

Berkshire is one of the top ten components of the S&P 500 index and one of the largest American-owned private employers in the United States. Its class A shares have the highest per-share price of any public company in the world, reaching $500,000 in March 2022, because the board has historically been opposed to splitting the A shares.

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