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Berkshire Hathaway

Berkshire Hathaway Inc.
Formerly called
Valley Falls Company
(1839–1955)
Public
Traded as
Industry Conglomerate
Founded 1839; 178 years ago (1839)
Cumberland, Rhode Island, United States
Founder Oliver Chace
Headquarters Kiewit Plaza, Omaha, Nebraska, United States
Area served
Worldwide
Key people
Warren Buffett
(Chairman, President & CEO)
Charlie Munger
(Vice Chairman)
Products Diversified investments
property and casualty insurance
Utilities
Restaurant
Food processing
Aerospace
Media
Toys
Automotive
Sporting goods
Consumer products
Internet
Revenue IncreaseUS$ 210.82 billion (2015)
Increase US$ 34.94 billion (2015)
Increase US$ 24.08 billion (2015)
Total assets Increase US$ 552.25 billion (2015)
Total equity Increase US$ 255.55 billion (2015)
Owner Warren Buffett (37.4%)
Number of employees
331,000 (2015)
Subsidiaries List of subsidiaries
Website berkshirehathaway.com

Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, BNSF Railway, Lubrizol, Dairy Queen, Fruit of the Loom, Helzberg Diamonds, FlightSafety International, Pampered Chef, and NetJets, and also owns 43.63% of the Kraft Heinz Company, an undisclosed percentage of Mars, Incorporated, and significant minority holdings in American Express, The Coca-Cola Company, Wells Fargo, IBM and Restaurant Brands International. Berkshire Hathaway averaged an annual growth in book value of 19.7% to its shareholders for the last 49 years (compared to 9.8% 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 is the company's Chairman of the Board, President, and Chief Executive Officer, and Charlie Munger, the company's Vice-Chairman of the Board of Directors. In the early part of Buffett's career at Berkshire, he 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, railroad, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales, newspaper publishing, manufacture and distribution of uniforms, and several regional electric and gas utilities.


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