Berkshire Hathaway, Inc.
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Formerly called
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Valley Falls Company (1839–1955) |
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| Traded as |
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| ISIN | US0846707026 |
| Industry | Conglomerate |
| Founded | 1839 Cumberland, Rhode Island, United States |
| Founder | Oliver Chace |
| Headquarters | Kiewit Plaza, Omaha, Nebraska, United States |
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Area served
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Worldwide |
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Key people
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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 Real Estate |
| Revenue |
 US$223.60 billion (2016) |
 US$32.74 billion (2016) |
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US$24.07 billion (2016) |
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| Total assets |
US$620.85 billion (2016) |
| Total equity |
US$283.00 billion (2016) |
| Owner | Warren Buffett (37.4%) |
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Number of employees
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367,700 (2016) |
| Subsidiaries | List of subsidiaries |
| Website | berkshirehathaway |
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, Restaurant Brands International, and Apple. 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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Wikipedia