Berkshire Hathaway Inc.
name
Berkshire Hathaway Inc.
id
BRKB
summary
Berkshire Hathaway Inc. 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. The company's main business and source of capital is insurance, from which it invests the float in a broad portfolio of subsidiaries, equity positions, and other securities. Berkshire's insurance brands include 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 Pilot Flying J, Kraft Heinz Company, American Express, Paramount Global, Bank of America, The Coca-Cola Company, and Apple. 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 Buffett chooses not to split the stock.
industry
Conglomerate
founded
1839
founder
Oliver Chace
headquarters
Omaha, Nebraska, United States
area_served
Worldwide
key_people
Warren Buffett (Chairman & CEO), Greg Abel (Vice chair, non-insurance), Ajit Jain (Vice chair, insurance)
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)
number_of_employees
396,500 (2023)
subsidiaries
See List of subsidiaries
website
berkshirehathaway.com