Warren Buffet's corporation gains entrance into the billionaire elite.
In 1965, Warren Buffett set up his investment firm. Since then, its share price has climbed an average of 20% annually, surpassing major indexes. Recently, the company has earned a spot among the billion-dollar corporations.
Just before his 94th birthday, the worth of Warren Buffett's company, Berkshire Hathaway, exceeded $1 trillion. Its market value momentarily touched this milestone, aligning it with six other American corporations that have attained such a substantial market value. Until now, this exclusive club comprised only tech giants: Apple, Nvidia, Microsoft, Google's parent company Alphabet, Amazon, and Meta.
Unlike these tech behemoths, Berkshire spreads its investments into various sectors like energy, manufacturing, services, and retail. Its subsidiaries include the automobile insurance provider Geico, the railway company BNSF, the running shoe brand Brooks, the fast-food chain Dairy Queen, and the publisher World Book Encyclopedia.
Buffett has led Berkshire Hathaway since 1965. During this period, its share price has increased more than 5,600,000%, corresponding to a yearly growth of roughly 20%, which is almost twice the return of the widely-diversified U.S. index, the S&P 500, including dividends. Despite gifting over half of his shares for charitable causes since 2006, Buffett remains the company's significant shareholder, holding about 14% of its stake.
The impressive performance of Berkshire Hathaway's economy has allowed it to consistently outperform major indexes, with an average annual growth of 20%. Due to this success, the company has secured a position among the world's billion-dollar corporations.
