Andin International, Inc.
- 609 Greenwich Street
New York, NY 10014
- Textiles, Apparel and Luxury Goods
|Valley Falls Company|
Cumberland, Rhode Island, U.S.
Warren Buffett (Modern era)
|Headquarters||Kiewit Plaza, Omaha, Nebraska, U.S.|
|Warren E. Buffett|
(Chairman & CEO)
Charles T. Munger
(Vice Chairman of Insurance Operations)
(Vice Chairman of non-Insurance Operations)
|Products||Diversified investments, Property & casualty insurance, Utilities, Restaurants, Food processing, Aerospace, Toys, Media, Automotive, Sporting goods, Consumer products, Internet, Real estate|
|Revenue||US$247.5 billion (2018)|
|US$10.02 billion (2018)|
|US$4.02 billion (2018)|
|Total assets||US$707.8 billion (2018)|
|Total equity||US$348.7 billion (2018)|
|Owner||Warren Buffett (30.71% of the aggregate voting power and 16.45% of the economic interest)|
Number of employees
|Subsidiaries||List of subsidiaries|
|Footnotes / references|
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, and NetJets, and also owns 38.6% of Pilot Flying J; 26.7% of the Kraft Heinz Company, and significant minority holdings in American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Company (9.4%), Bank of America (6.8%), and Apple (5.22%). Since 2016, the company has acquired large holdings in the major US airline carriers, and is currently the largest shareholder in United Airlines and Delta Air Lines, and a top three shareholder in Southwest Airlines and American Airlines. Berkshire Hathaway has averaged an annual growth in book value of 19.0% to its shareholders since 1965 (compared to 9.7% from the S&P 500 with dividends included for the same period), while employing large amounts of capital, and minimal debt.
The company is known for its control and leadership by Warren Buffett, who serves as chairman and chief executive, and Charlie Munger, the company's vice-chairman. In the early part of his career at Berkshire, Buffett focused on long-term investments in publicly traded companies, but more recently he has more frequently bought whole companies. Berkshire now owns a diverse range of businesses including confectionery, retail, railroads, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales, newspaper publishing, manufacture and distribution of uniforms, and several regional electric and gas utilities.
According to the Forbes Global 2000 list and formula, Berkshire Hathaway is the third largest public company in the world, the tenth largest conglomerate by revenue and the largest financial services company by revenue in the world.
As of February 2019, Berkshire is the fifth-largest company in the S&P 500 Index by market capitalization and is famous for having the most expensive share price in history with Class A shares costing around $300,000 each. This is because there has never been a stock split in its Class A shares and Buffett stated in a 1984 letter to shareholders that he does not intend to split the stock.
- "SC 13D/A #68". U.S. Securities and Exchange Commission. Retrieved March 4, 2018.
- "US SEC: Form 10-K Berkshire Hathaway Inc". U.S. Securities and Exchange Commission. Retrieved March 4, 2018.
- "Warren Buffett, Berkshire Hathaway buying Pilot Flying J truck stops". USA Today.
- "Apple hits record high after Buffett's Berkshire increases stake". Reuters. Retrieved May 4, 2018.
- Becky Quick (November 14, 2016). "Buffett's Berkshire takes stakes in four major airlines". CNBC. Retrieved April 1, 2019.
- Warren Buffett. "2016 Annual Report" (PDF). Berkshire Hathaway. p. 2. Retrieved May 31, 2017.
- "The World's Biggest Public Companies". Forbes. Retrieved May 12, 2014.
- "Berkshire Hathaway". Forbes. Retrieved June 6, 2011.
- Ryan Fuhrmann (May 31, 2017). "What's the most expensive stock of all time?". Investopedia.
- Erik Holm (February 15, 2017). "Three Reasons Why Warren Buffett Never Split Berkshire's $250,000 Stock". The Wall Street Journal. Retrieved February 1, 2018.