The American holding company Berkshire Hathaway has entered the elite. During the closing of the American stock exchange, its valuation exceeded $1 trillion for the first time in history. It is the only one of the (now) seven trillion companies listed on Wall Street that does not operate in the technology sector. Previously, the golden six were Apple, Nvidia, Microsoft, Google Alphabet, Amazon.com and Meta.
Buffett's company worth $1,000,000,000,000.
The $1 trillion valuation is based on 553,234 Class A shares and 1,325,192,508 Class B shares. Berkshire’s Class A shares ended the session up 0.7% to $696,502.02. Class B shares, which are in the broader offering, rose 0.9% to $464.59, giving the company a historic, trillion-plus valuation.
– Investors should certainly not jump in now, because the market capitalization has reached $1 trillion and the stock is probably as well valued as it was before the 2008 financial crisis. It is a good investment for someone with a 10-year horizon – he advised in an interview with Reuters Agency one of the company's investors.
What is Berkshire Hathaway?
Berkshire Hathaway is a large American conglomerate operating primarily in the financial sector. It owns dozens of companies in various sectors and industries, including insurance, utilities, energy, transportation, manufacturing, and retail.
The CEO of the company is Warren Buffett. He is considered the sixth richest person in the world and one of the most gifted investors in the world. Forbes estimates his wealth at $146 billion. In Berkshire Hathaway alone, Buffett has about 14 percent of Berkshire's shares, because in 2006 he donated more than half of his shares to charity.