Berkshire Hathaway Hits $1 Trillion Market Value

Berkshire Hathaway surpassed a $1 trillion market value on Wednesday, signaling strong investor confidence. Led by Warren Buffett since 1965, the conglomerate's success stems from its vast array of businesses and strategic investments. With a substantial stock portfolio and historical performance, Berkshire continues to be a significant player in the American economy.

Berkshire Hathaway's market value surpassed $1 trillion on Wednesday, reflecting investor confidence in the conglomerate that Warren Buffett has built over nearly six decades. The milestone puts Berkshire in the same league as tech giants like Apple, Nvidia, and Microsoft.

Berkshire's Class A shares rose nearly 1.2% to just under $700,000, while Class B shares trade at about 1/1,500th the value. Buffett, who turns 94 on Friday, has run Berkshire since 1965, transforming it from a failing textile company into a diversified powerhouse.

The company's operating businesses generated $22.8 billion in profit in the first half of the year, a 26% increase from 2023. Despite recent stock sales, Berkshire's cash reserves soared to $276.9 billion. Its shares have gained more than 5,600,000% since Buffett took over, outstripping the S&P 500 by a wide margin.

(With inputs from agencies.)