Berkshire Hathaway Inc. is an American multinational conglomerate holding company based in Omaha, Nebraska, United States. The company owns in full GEICO, Duracell, Dairy Queen, BNSF Railway, 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 Kraft Heinz and significant minority interests 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 significant holdings in major US carriers. She is currently the largest shareholder of United Airlines and Delta Air Lines and one of the top three shareholders of Southwest Airlines and American Airlines. Berkshire Hathaway has recorded annual average growth of its book value of 19.0% for its shareholders since 1965 (compared to 9.7% for the S & P 500 with dividends included for the same period) while employing significant capital and a minimum debt.
The company is known for its control and leadership by Warren Buffett, Chairman and Chief Executive Officer, and Charlie Munger, Vice Chairman. Early in his career at Berkshire, Buffett focused on long-term investments in publicly traded companies, but more recently, he has purchased more than one company. Berkshire now has a wide range of activities: confectionery, retail, railways, home accessories, encyclopedias, vacuum cleaner manufacturers, jewelry sales, newspaper publishing, uniform manufacturing and distribution, and many public services. electricity and gas.
According to the Forbes Global 2000 list and formula, Berkshire Hathaway is the third largest publicly traded company in the world, the tenth largest conglomerate in turnover and the largest financial services provider in the world.
Berkshire is currently the seventh largest company in the S & P 500 index in terms of market capitalization and is renowned for its most expensive share price in history, with a class A share costing approximately $ 300,000 each. This is because there has never been a stock split and Buffett stated in a 1984 letter to the shareholders that he did not intend to do so.