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Berkshire Hathaway

Founded by : Warren Buffett & Charlie Munger, 1 January 1970

Douglas County, United States
Industrial Conglomerates
More than 5000 employees
https://www.berkshirehathaway.com/

About the Company

Berkshire Hathaway Inc., a multinational conglomerate holding company headquartered in Omaha, Nebraska, was co-founded by Warren Buffett and Charles Munger in 1953. The company holds complete ownership of various businesses, including GEICO, Duracell, Fruit of the Loom, Helzberg Diamonds, Long & Foster, Lubrizol, and NetJets, while also maintaining significant stakes in numerous public companies like Apple Inc., American Express, Bank of America, Coca-Cola, Kraft Heinz, Delta Air Lines, and Southwest Airlines. With a staff of over 380,000 employees worldwide and a 2022 revenue of $276.1 billion, Berkshire Hathaway stands as one of the most successful investment companies globally, boasting a market capitalization exceeding $600 billion.

 

What distinguishes Berkshire Hathaway is its status as a conglomerate, owning diverse businesses across various industries, a strategy that reduces risk and enhances resilience in the face of economic downturns. The company's leadership under Warren Buffett, renowned as one of history's most successful investors, is characterized by a long-term investment approach and a focus on value investing. Additionally, Berkshire Hathaway's distinctive culture of frugality and discipline, epitomized by Buffett's own frugal lifestyle and encouragement of similar values among employees, further sets the company apart.

 

Berkshire Hathaway's unique value proposition lies in its consistent ability to deliver long-term returns to its shareholders. With a storied track record of success and Warren Buffett's esteemed reputation in the investment world, Berkshire Hathaway is well-managed and upholds a culture rooted in thrift and discipline, making it an exceptional investment and holding company.

Industry Type

According to the GICS (Global Industry Classification Standard) version of March 2023, Berkshire Hathaway’s industry classification falls within the following categories:
  • Sector: Industrials
  • Industry group: Capital Goods
  • Industry: Industrial Conglomerates
  • Sub-Industry: Industrial Conglomerates
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Company Address

3555 Farnam St, Omaha, NE 68131, USA

Source : Google maps

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