Warren Buffett. Warren Edward Buffett ( / ˈbʌfɪt / BUFF-itt; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over $100.6 billion as of April 2021, making ...
From Wikipedia, the free encyclopedia This is a list of subsidiaries, equities, and cash equivalents owned by multinational holding company Berkshire Hathaway.
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Berkshire Hathaway traces its roots to a textile manufacturing company established by Oliver Chace in 1839 as the Valley Falls Company in Valley Falls, Rhode Island. Chace had previously worked for Samuel Slater, the founder of the first successful textile mill in America. Chace founded his first textile mill in 1806. In 1929, the Valley Falls Company merged with the Berkshire Cotton Manufacturing Company established in 1889, in Adams, Massachusetts. The combined company was known as Berkshire Fine Spinning Associates. In 1955, Berkshire Fine Spinning Associates merged with the Hathaway Manufacturing Company which had been founded in 1888 in New Bedford, Massachusetts by Horatio Hathaway with profits from whaling and the China Trade. Hathaway had been successful in its first decades, but it suffered during a general decline in the textile industry after World War I. At this time, Hathaway was run by Seabury Stanton, whose investment efforts were rewarded with renewed profitability a...
Berkshire's class A shares sold for $339,188 as of January 8, 2020, making them the highest-priced shares on the New York Stock Exchange, in part because they have never had a stock split and have only paid a dividend once since Warren Buffett took over, retaining corporate earnings on its balance sheet in a manner that is impermissible for mutual funds. Shares closed over $100,000 for the first time on October 23, 2006. Despite its size, Berkshire had for many years not been included in broad stock market indices such as the S&P 500 due to the lack of liquidity in its shares; however, following a 50-to-1 split of Berkshire's class B shares in January 2010, and Berkshire's announcement that it would acquire the Burlington Northern Santa Fe Corporation, parent of BNSF Railway, Berkshire replaced BNSF in the S&P 500 on February 16, 2010. Buffett's letters to shareholders are published annually. Barron'ssaid Berkshire was the most respected company in the world in 2007, based on a surv...
Insurance and reinsurance business activities are conducted through approximately 70 domestic and foreign-based insurance companies. Berkshire's insurance businesses provide insurance and reinsurance of property and casualty risks primarily in the United States. In addition, as a result of the General Re acquisition in December 1998, Berkshire's insurance businesses also includes life, accident, and health reinsurers, as well as internationally based property and casualty reinsurers. Berkshir...
Utilities and energy group
Berkshire currently holds 89.8% of Berkshire Hathaway Energy. At the time of purchase, Berkshire's voting interest was limited to 10% of the company's shares, but this restriction ended when the Public Utility Holding Company Act of 1935 was repealed in 2005. A major subsidiary of Berkshire Hathaway Energy is Northern Powergrid, which operates in the UK. Until a name change on April 30, 2014, Berkshire Hathaway Energy was known as MidAmerican Energy Holdings Co.
Finance and financial services
Berkshire acquired Clayton Homes, a maker of modular homes, storage trailers, chassis, intermodal piggyback trailers and domestic containers. Clayton's finance business, (loans to manufactured home owners), earned $206 million down from $526 million in 2007. Loan losses remain 3.6% up from 2.9%.Business data for Berkshire Hathaway Inc. Class A stock:Business data for Berkshire Hathaway Inc. Class B stock:
- Jordan Rosenfeld
- Apple Inc. Symbol: AAPL. Holdings: 1,003,466,264. Share price: $108.77. Value: $109,147,025,535. Share of portfolio: 48.037% More From GOBankingRates. These Are the Best Banks of 2021 – Did Yours Make the Cut?
- Bank of America Corp. Symbol: BAC. Holdings: 1,032,852,006. Share price: $24.08. Value: $24,871,076,304. Share of portfolio: 10.946%
- Coca-Cola Co. Symbol: KO. Holdings: 400,000,000. Share price: $48.62. Value: $19,448,000,000. Share of portfolio: 8.559%
- American Express Co. Symbol: AXP. Holdings: 151,610,700. Share price: $93.40. Value: $14,160,439,380. Share of portfolio: 6.232%
Warren Buffett. Warren Edward Buffett ( / ˈbʌfᵻt /; born August 30, 1930) is an American business magnate, investor, an philanthropist. He is widely considered the maist successfu investor o the 20t century. Buffett is the primary sharehaulder, chairman an CEO o Berkshire Hathaway an consistently rankit amang the warld's wealthiest fowk.
Rakesh Jhunjhunwala. Rakesh Jhunjhunwala (born 5 July 1960) is an Indian business magnate and stocks trader. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. During his early life, Rakesh grew up in a Marwadi Family in Bombay, where his father, worked as Commissioner of Income Tax, Bombay.
Mar 26, 2020 · Warren Buffett's company Berkshire Hathaway announced plans to purchase a large share of a Brazilian fintech company called StoneCo Ltd. in October 2018.
- Coca-Cola: 32 years. The longest-tenured holding in Buffett's portfolio, and one unlikely to ever be sold, is beverage giant Coca-Cola (NYSE:KO). Owned since 1988, Coca-Cola's beverage products can be found in all but two countries around the world (Cuba and North Korea).
- Wells Fargo: 31 years. Money-center bank Wells Fargo (NYSE:WFC) has been a Berkshire Hathaway holding since 1989, although recent aggressive selling activity in the stock suggests this may soon come to an end.
- American Express: 27 years. Financials play a big role in Buffett's portfolio, with payment processor American Express (NYSE:AXP) a continuous holding since 1993.
- M&T Bank: 24 years. Regional bank M&T Bank (NYSE:MTB) is the only stock on this list to get an asterisk. You see, Berkshire actually invested $40 million into M&T in 1991, following the late 1980s Savings and Loan Crisis, giving Buffett's company a preferred-share stake.