Berkshire Hathaway Success Story



Berkshire Hathaway is one of the leading American organizations. The company’s expansion is into different industries serving the varying needs of the customers. Of-late the company was in the news to have 78% of the portfolio in stocks of Apple, BofA, Coca-cola, American express, and Kraft Heinz.

Berkshire Hathaway success story


The company is located in Nebraska, USA

Its origin story goes back to 1839

Oliver Chace founded the textile manufacturing company in that year, as Valley Falls

The same company united with Berkshire cotton manufacturing in the year 1929

Warren Buffet, bought the stocks of Berkshire Hathaway in 1960s

Buffalo Evening News founded in the year 1873, was taken over by Berkshire in 1977

The company was exposed to the insurance sector from 1967 and later on with the acquisition of the National Indemnity

In the year 1989, it invested in US Airways

In the year 1996, the company took over the aviation training company FlightSafety International Inc.

In the year 1998, the company took over General Re

In 2000, the organization acquired the Acme Building Brands

The organization acquired the Pampered Chef, by the year 2002

The same year the company took over Albecca Inc.

It acquired the Russell Corporation in 2006

Later the company also invested in Tesco the same year

In 2007, the company took over the Marmon Group

In the year 2008, the company selectively invested in the financial giant, Goldman Sachs

The same year the company acquired stocks of GE and others for a sum of $14.5 billion

In 2011, the company announced that Ted Weschler would be another investment manager

In the same year, it invested $5 billion in BofA

Again in 2011, it took over Lubrizol Corporation

In 2012, it announced they would be taking over the Oriental Trading company

In 2014, the company stated of taking over Duracell

By 2016, it was observed, Warren Buffet had 31.7% voting power in the company’s shares

4% of the share is held by the company owned by Melinda Gates

In 2017, the company made an investment of $400 million in Home Capital Group

In 2018, Greg Abel, got the new role of Vice-Chairman in the company

The same year it was ranked third in the Fortune 500 ranking in terms of the revenue earned by the organization.

The company’s earnings rose to US$84.1 billion by the year 2019

Almost 90% of the Berkshire Energy is held by the organization

The Forbes Global 2000 listed out the conglomerate as the eighth largest public company across different countries.

Berkshire Annual Shareholder Meeting:

The next Berkshire annual shareholder meeting is scheduled on 1st May, 2021

The 2020 meeting that was held on 4th May, had the live-streaming format

Buffett discussed why he didn’t invest in a big project for long

He stated the best thing during this pandemic is to possess S&P 500 Index Fund

Where Berkshire Hathaway Stands Today?

It has now more than 60 companies under the brand and as per a recent report in August 2020, the conglomerate’s Class B stock is one of the biggest components in the S&P 500 Index.

The company’s class A shares were sold for $339,188 in the beginning month of 2020. It even sold all the US Airlines shares recently, due to the pandemic.