Business
Berkshire Hathaway reaches historic $1 trillion market value
By Lauren Taylor (Reporter), Emma Stoltzfus (Video Editor)
This report was created with support from enhanced software.
Warren Buffett’s Berkshire Hathaway made history by becoming the first non-tech U.S. company to reach a $1 trillion in market value. The milestone happened two days before the Oracle of Omaha turns 94.
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The company’s shares rose more than 1% Wednesday, Aug. 28, pushing its market capitalization above the $1 trillion mark for the first time.
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Analysts said Buffett achieved this feat through decades of strategic investments and a diverse business portfolio, showcasing the enduring power of his value-driven investing approach.
Berkshire’s diverse empire extends beyond the tech-centric focus of many modern giants, owning businesses ranging from Pilot Travel Centers to Dairy Queen and Duracell.
Berkshire’s stock surged more than 28% in 2024, an increase of more than $200 billion, outperforming the S&P 500’s 18% gain and nearly matching the 35% increase of the “Magnificent Seven” tech stocks.
As Berkshire Hathaway reaches new heights, Buffett’s personal wealth grew substantially. His fortune saw a significant boost, with his net worth increasing by $25 billion this year alone. Buffet is now eighth on the Bloomberg Billionaires Index with a net worth of $145 billion.
[LAUREN TAYLOR]
WARREN BUFFETT’S BERKSHIRE HATHAWAY HAS MADE HISTORY BY BECOMING THE FIRST NON-TECH U.S. COMPANY TO REACH A $1 TRILLION DOLLARS IN MARKET VALUE.
THE MILESTONE HAPPENING TWO DAYS BEFORE THE ORACLE OF OMAHA TURNS 94.
THE COMPANY’S SHARES ROSE MORE THAN 1% WEDNESDAY, PUSHING ITS MARKET CAPITALIZATION ABOVE THE TRILLION-DOLLAR MARK FOR THE FIRST TIME.
ANALYSTS SAY BUFFETT ACHIEVED THIS FEAT THROUGH DECADES OF STRATEGIC INVESTMENTS AND A DIVERSE BUSINESS PORTFOLIO, SHOWCASING THE ENDURING POWER OF HIS VALUE-DRIVEN INVESTING APPROACH.
BERKSHIRE’S DIVERSE EMPIRE EXTENDS BEYOND THE TECH-CENTRIC FOCUS OF MANY MODERN GIANTS, OWNING BUSINESSES RANGING FROM PILOT TRAVEL CENTERS TO DAIRY QUEEN AND DURACELL.
BERKSHIRE’S STOCK HAS SURGED MORE THAN 28% IN 2024 – AN INCREASE OF MORE THAN $200 BILLION DOLLARS — OUTPERFORMING THE S&P 500’S 18% GAIN AND NEARLY MATCHING THE 35% INCREASE OF THE ‘MAGNIFICENT SEVEN’ TECH STOCKS.
AS BERKSHIRE HATHAWAY REACHES NEW HEIGHTS, WARREN BUFFETT’S PERSONAL WEALTH HAS GROWN SUBSTANTIALLY. HIS PERSONAL FORTUNE HAS SEEN A SIGNIFICANT BOOST, WITH HIS NET WORTH INCREASING BY $25 BILLION DOLLARS THIS YEAR ALONE, PLACING HIM EIGHTH ON THE BLOOMBERG BILLIONAIRES INDEX WITH A NET WORTH OF $145 BILLION.
FOR STRAIGHT ARROW NEWS, I’M LAUREN TAYLOR.
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63 other sources covering this story
Total News Sources
63
Leaning Left
7
Center
17
Leaning Right
5
Last Updated
7 months ago
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