Berkshire Hathaway The Investment Conglomerate Led By Warren Buffett Has Crossed The 1 Trillion Market Capitalization Mark For The First Time In Its History

Berkshire Hathaway Joins the $1 Trillion Market Cap Club

Berkshire Hathaway, the investment conglomerate led by Warren Buffett, has crossed the $1 trillion market capitalization mark for the first time in its history.

The company's stock price rose 1.5% on Monday, August 1, 2022, to close at $303,330 per share, giving it a market capitalization of $1.01 trillion.

Berkshire Hathaway is now one of only five U.S. companies to have a market capitalization of over $1 trillion. The other four companies are Apple, Microsoft, Amazon, and Alphabet (Google's parent company).

Berkshire Hathaway's rise to the $1 trillion mark is a testament to the company's long-term success and the trust that investors have in Warren Buffett's leadership.

Buffett has been the CEO of Berkshire Hathaway since 1965, and under his leadership, the company has grown from a small textile manufacturer into a global conglomerate with a diverse portfolio of businesses, including insurance, railroads, energy, and consumer goods.

Key Takeaways

• Berkshire Hathaway's market capitalization is now over $1 trillion.
• The company is one of only five U.S. companies with a market capitalization of over $1 trillion.
• Warren Buffett has been the CEO of Berkshire Hathaway since 1965 and is widely considered one of the greatest investors of all time.

What's Next for Berkshire Hathaway?

It remains to be seen what the future holds for Berkshire Hathaway. However, given the company's strong track record and Buffett's continued leadership, it's likely that Berkshire Hathaway will continue to be a successful investment for many years to come.

Sources

• CNBC: Berkshire Hathaway stock closes at $1 trillion market cap for first time
• The New York Times: Berkshire Hathaway Joins the Elite Club of $1 Trillion Companies