# Berkshire Hathaway

> American multinational conglomerate holding company

**Wikidata**: [Q217583](https://www.wikidata.org/wiki/Q217583)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Berkshire_Hathaway)  
**Source**: https://4ort.xyz/entity/berkshire-hathaway

## Summary
Berkshire Hathaway is an American multinational conglomerate holding company, renowned for its diverse portfolio of businesses and investments. Led by CEO Greg Abel and chairman Warren Buffett, it operates across multiple industries, including insurance, retail, and energy. As one of the world's largest and most influential conglomerates, Berkshire Hathaway is celebrated for its long-term value investing philosophy and financial stability.

## Key Facts
- **Founded**: 1839 (as Valley Falls Company), incorporated in 1955.
- **Headquarters**: Omaha, Nebraska, USA.
- **CEO**: Greg Abel (since 2026).
- **Chairman**: Warren Buffett (since 1970).
- **Key Subsidiaries**: GEICO, NetJets, Berkshire Hathaway Energy, Marmon Group, Benjamin Moore & Co., The Buffalo News, Pilot Flying J, Dairy Queen, Brooks Sports.
- **Revenue (2024)**: $371.433 billion.
- **Net Profit (2024)**: $88.995 billion.
- **Employees (2020)**: 360,000.
- **Stock Exchange**: New York Stock Exchange (NYSE: BRK.A, BRK.B).
- **Founders**: Oliver Chace (original), Warren Buffett (modern era).
- **Industry**: Conglomerate (insurance, retail, energy, manufacturing, etc.).
- **Notable Acquisitions**: GEICO (1996), Burlington Northern Santa Fe (2010), Heinz (2013), Precision Castparts (2016).

## FAQs
**What is Berkshire Hathaway's primary business focus?**  
Berkshire Hathaway operates as a diversified conglomerate with significant holdings in insurance, retail, energy, manufacturing, and more. Its core strategy revolves around long-term value investing and acquiring undervalued companies.

**Who are the key leaders of Berkshire Hathaway?**  
Warren Buffett serves as chairman, and Greg Abel is the CEO. Charlie Munger, a co-founder and vice chairman, played a pivotal role until his death in 2023.

**What are Berkshire Hathaway's most notable subsidiaries?**  
Major subsidiaries include GEICO (insurance), BNSF Railway (transportation), and Dairy Queen (fast food), among others, contributing to its diverse revenue streams.

**How has Berkshire Hathaway evolved over time?**  
From its origins in textiles, Berkshire Hathaway transformed under Warren Buffett into a multinational conglomerate through strategic acquisitions and investments, emphasizing financial discipline and long-term growth.

**What is Berkshire Hathaway's market significance?**  
As a bellwether of the U.S. economy, Berkshire Hathaway's performance influences market trends. Its investment decisions, particularly under Warren Buffett, are closely watched by investors globally.

## Why It Matters
Berkshire Hathaway is a cornerstone of the global economy, exemplifying successful conglomerate management and value investing. Its influence extends beyond finance into sectors like insurance, retail, and energy, driving innovation and stability. As a major employer and investor, it shapes industries and markets worldwide, with its financial health often reflecting broader economic conditions. Buffett's leadership and the company's strategic acquisitions have created a blueprint for sustainable growth, making it a case study in corporate governance and investment strategy.

## Notable For
- **Diversified Portfolio**: Operates across multiple industries, mitigating risk and ensuring resilience.
- **Value Investing Legacy**: Pioneered by Warren Buffett, focusing on intrinsic value and long-term growth.
- **Iconic Leadership**: Warren Buffett and Charlie Munger's partnership is legendary in finance.
- **Strategic Acquisitions**: Successful integration of companies like GEICO and BNSF Railway.
- **Financial Stability**: Consistently strong financial performance, weathering economic downturns.

## Body

### History and Evolution
Berkshire Hathaway traces its roots to 1839 as a textile mill, Valley Falls Company. Warren Buffett began acquiring shares in the 1960s, transforming it into a multinational conglomerate. Key milestones include the acquisition of GEICO (1996) and BNSF Railway (2010), solidifying its diverse holdings.

### Corporate Structure and Ownership
Headquartered in Omaha, Nebraska, Berkshire Hathaway is led by CEO Greg Abel and Chairman Warren Buffett. Institutional investors like BlackRock and Vanguard Group hold significant stakes. The company's decentralized structure grants subsidiaries operational autonomy, fostering innovation and efficiency.

### Financial Performance
In 2024, Berkshire Hathaway reported $371.433 billion in revenue and $88.995 billion in net profit. Its market capitalization exceeds $650 billion, reflecting its status as a financial powerhouse. The company's investment portfolio, managed by Warren Buffett, includes stakes in Apple, Coca-Cola, and American Express.

### Key Subsidiaries and Investments
- **GEICO**: A leading auto insurer acquired in 1996.
- **BNSF Railway**: A major North American freight railroad.
- **Dairy Queen**: A global fast-food chain.
- **Precision Castparts**: A manufacturer of aerospace components.
- **Apple Inc.**: Berkshire holds a significant stake, exemplifying its strategic investments.

### Industry and Market Influence
Berkshire Hathaway's conglomerate model allows it to influence multiple sectors. Its insurance operations provide float—capital held for claims—used for strategic investments. The company's emphasis on long-term value has reshaped corporate governance and investment practices globally.

### Leadership and Governance
Warren Buffett's value investing philosophy and Charlie Munger's strategic insights defined Berkshire's success. The board includes notable figures like Ajit Jain and Susan Decker, ensuring continuity and expertise. Berkshire's annual shareholder meeting, led by Buffett, is a landmark event in corporate America.

### Challenges and Controversies
Berkshire faces challenges like succession planning post-Buffett and navigating economic volatility. Past controversies include criticisms of corporate governance and investment decisions, though its long-term track record remains robust.

### Philanthropy and Social Impact
Through the Giving Pledge, Warren Buffett has pledged the majority of his wealth to philanthropy. Berkshire's subsidiaries engage in community initiatives, reflecting a commitment to social responsibility alongside profit.

### Global Operations and Economic Impact
With operations in over 50 countries, Berkshire Hathaway employs hundreds of thousands worldwide. Its investments and acquisitions stimulate economic growth, particularly in the U.S., where it is a major job creator and taxpayer.

### Technological and Innovation Initiatives
Berkshire invests in renewable energy through Berkshire Hathaway Energy and adopts technology across subsidiaries, ensuring competitiveness in evolving markets. Its approach balances tradition with innovation, maintaining relevance in the digital age.

### Cultural and Historical Significance
Berkshire Hathaway symbolizes American capitalism and entrepreneurial spirit. Its history, from textile mills to tech investments, mirrors broader economic shifts. The company's endurance and adaptability make it a case study in longevity and resilience.

### Related Entities and Connections
- **Warren Buffett**: Chairman and iconic investor.
- **Charlie Munger**: Vice Chairman and co-founder.
- **Greg Abel**: CEO overseeing daily operations.
- **Subsidiaries**: GEICO, BNSF, Dairy Queen, and more.
- **Investments**: Apple, Coca-Cola, American Express.
- **Competitors**: 3G Capital, Blackstone Group, and other conglomerates.

### Conclusion
Berkshire Hathaway remains a defining force in global business, blending tradition with innovation. Its legacy, built on disciplined investing and strategic leadership, continues to shape industries and markets worldwide. As the company navigates future challenges, its commitment to long-term value ensures its enduring relevance.

## References

1. [GRID](https://www.grid.ac/institutes/grid.453844.a)
2. [Source](https://www.sec.gov/Archives/edgar/data/1067983/000119312516501649/d117328ddef14a.htm)
3. GRID Release 2017-01-10
4. Virtual International Authority File
5. [annual report. 2016](http://berkshirehathaway.com/2015ar/2015ar.pdf)
6. [Source](https://www.ishares.com/us/products/239723/ishares-sp-100-etf)
7. [proxy statement](https://www.sec.gov/ix?doc=/Archives/edgar/data/1067983/000119312524069107/d512828ddef14a.htm)
8. ROR release v1.19
9. Freebase Data Dumps. 2013
10. [BERKSHIRE HATHAWAY INC. Annual Report 10-K 2020](https://www.berkshirehathaway.com/2020ar/202010-k.pdf)
11. Global LEI Index
12. [Source](http://km.aifb.kit.edu/services/crunchbase/)
13. [Berkshire Hathaway Inc. - Form 10-K 2023](https://www.berkshirehathaway.com/2023ar/202310-k.pdf)
14. [Form 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/1067983/000156459021009611/brka-10k_20201231.htm)
15. [Form 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/1067983/000156459022007322/brka-10k_20211231.htm)
16. [Form 10-K. 2010](https://www.sec.gov/Archives/edgar/data/0001067983/000119312510043450/d10k.htm)
17. [Form 10-K. 2011](https://www.sec.gov/Archives/edgar/data/0001067983/000119312511048914/d10k.htm)
18. [Form 10-K. 2012](https://www.sec.gov/Archives/edgar/data/0001067983/000119312512079022/d280149d10k.htm)
19. [Form 10-K. 2013](https://www.sec.gov/Archives/edgar/data/0001067983/000119312513087679/d484968d10k.htm)
20. [Form 10-K. 2014](https://www.sec.gov/Archives/edgar/data/0001067983/000119312514078778/d656225d10k.htm)
21. [Form 10-K. 2015](https://www.sec.gov/Archives/edgar/data/0001067983/000119312515070966/d820461d10k.htm)
22. [Form 10-K. 2016](https://www.sec.gov/Archives/edgar/data/0001067983/000119312516483023/d103603d10k.htm)
23. [Form 10-K. 2023](https://www.sec.gov/Archives/edgar/data/0001067983/000095017023004451/brka-20221231.htm)
24. [Form 10-K. 2024](https://www.sec.gov/Archives/edgar/data/0001067983/000095017024019719/brka-20231231.htm)
25. [Form 10-K. 2025](https://www.sec.gov/Archives/edgar/data/0001067983/000095017025025210/brka-20241231.htm)
26. [Berkshire Hathaway (BRK.B) Stock Key Data](https://www.forbes.com/companies/berkshire-hathaway)
27. [annual report. 2019](https://www.berkshirehathaway.com/2018ar/201810-k.pdf)
28. [Form 10-K. 2020](https://www.sec.gov/ix?doc=/Archives/edgar/data/1067983/000156459020005874/brka-10k_20191231.htm)
29. GRID Release 2015-12-14
30. GRID Release 2016-12-06
31. [Source](https://theoraclesclassroom.com/wp-content/uploads/2019/09/1964-Berkshire-AR.pdf)
32. [press release](https://www.businesswire.com/news/home/20180110005384/en/Berkshire-Hathaway-Inc.-News-Release)
33. [Source](https://buffalonews.com/news/warren-buffetts-son-joins-board/article_d6a4156c-b587-5646-9485-f13cb1b87bcb.html)
34. [Source](https://www.latimes.com/archives/la-xpm-2009-dec-23-la-fi-ct-burke23-2009dec23-story.html)
35. [press release](https://www.berkshirehathaway.com/news/dec2209.pdf)
36. [Source](https://www.reuters.com/article/us-berkshire-buffett-pay/berkshire-taps-former-amex-ceo-kenneth-chenault-for-board-as-bill-gates-steps-aside-idUSKBN2103A7)
37. [Source](https://www.reuters.com/article/us-berkshire-buffett-decker/berkshire-says-yahoo-cfo-decker-to-join-board-idUSN0142486120070301)
38. [Source](https://www.nytimes.com/2003/11/04/business/berkshire-hathaway-adds-directors.html)
39. [Form 8-K](https://www.sec.gov/Archives/edgar/data/1067983/000119312522308039/d435103d8k.htm)
40. [annual report](https://www.berkshirehathaway.com/2003ar/2003ar.pdf)
41. [Source](https://www.cnn.com/2014/06/11/us/charlie-munger-fast-facts/index.html)
42. [proxy statement](https://www.sec.gov/Archives/edgar/data/1067983/000119312523073948/d362436ddef14a.htm)
43. [press release](https://www.sec.gov/Archives/edgar/data/1067983/000119312523286867/d551397dex991.htm)
44. [Source](https://buffalonews.com/news/berkshire-board-grows-by-two/article_35867f0b-c374-59f5-bef5-60074f1be596.html)
45. [Source](https://www.bloomberg.com/news/articles/2022-02-14/berkshire-s-murphy-resigns-from-board-after-covid-revelation)
46. [press release](https://www.berkshirehathaway.com/news/aug0597.html)
47. [Form 10-K](https://theoraclesclassroom.com/wp-content/uploads/2019/09/1988-Berkshire-10K.pdf)
48. [Source](https://web.archive.org/web/20221002025244/https://connatix-d.openx.net/v/1.0/av?auid=539961198&schain=1.0,1!connatix.com,679698455578581,1,,,,&url=www.forbes.com%2Fsites%2Fchasewithorn%2F2021%2F09%2F26%2Fwalter-scott-jr-warren-buffetts-longtime-friend&cb=94fdae1d-7027-40d0-a22d-86a3190119ce&vwd=526&vht=296&gdpr=0&gdpr_consent=undefined&us_privacy=)
49. [Source](https://www.linkedin.com/in/meryl-witmer-5b040112/)
50. [Source](https://omaha.com/business/newest-director-doesnt-own-berkshire-hathaway-shares/article_d50953e7-f72b-5e0c-8d01-49a7a0b7868b.html)