"Berkshire Hathaway is an American international empire holding firm headquartered in Omaha, Nebraska, United States. The business entirely has GEICO, Duracell, Milk Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Cook, Woodland River and NetJets, and also has 38.6% of Pilot Flying J; as well as substantial minority holdings in UNITED STATE public companies Kraft Heinz Business (26.7%), American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Firm (9.32%), Financial Institution of America (6.8%), and also Apple (5.22%). [4] Starting in 2016, the business got large holdings in the significant United States airline company service providers, namely United Airlines, Delta Air Lines, Southwest Airlines as well as American Airlines [5] however sold all of its airline company holdings early in 2020. [6] Berkshire Hathaway has balanced a yearly development in publication worth of 19.0% to its shareholders since 1965 (compared to 9.7% from the S&P 500 with returns included for the very same duration), while utilizing large amounts of capital, and also marginal financial obligation.

The business is known for its control and also management by Warren Buffett, who acts as chairman as well as chief executive, as well as by Charlie Munger, among the company's vice-chairmen. In the early part of his job at Berkshire, Buffett focused on long-lasting financial investments in publicly traded companies, yet more lately he has actually much more regularly bought entire companies. Berkshire currently possesses a diverse variety of companies consisting of confectionery, retail, railways, home furnishings, encyclopedias, manufacturers of vacuum, precious jewelry sales, manufacture and also distribution of attires, and also several local electric as well as gas utilities.

According to the Forbes Global 2000 checklist as well as formula, Berkshire Hathaway is the 3rd biggest public business in the world, the tenth biggest corporation by revenue and also the biggest economic solutions business by revenue in the world.

As of April 2020, Berkshire's Course B stock is the eighth-largest element of the S&P 500 Index (which is based upon free-float market capitalization) as well as the company is famous for having one of the most expensive share price in history with Course A shares costing around $300,000 each. This is due to the fact that there has actually never been a stock split in its Class A shares as well as Buffett mentioned in a 1984 letter to shareholders that he does not mean to split the supply."