Berkshire Hathaway became the first non-technology company based in the United States to reach a $1 trillion market capitalization.
Berkshire Hathaway crossed the $1 trillion mark on August 28, 2024, as its Class A shares rose. The company is led by Warren Buffett and operates through a collection of businesses rather than a single consumer product or technology platform.
Its major activities include insurance, railroads through BNSF, energy and utilities, manufacturing, retail, and large investments in publicly traded companies. Berkshire’s insurance operations provide capital that can be invested across the wider group.
The milestone is classified as non-technology because the company’s core operations are in insurance, transportation, energy, manufacturing, and other sectors. Berkshire had previously been one of the world’s largest companies by market value, but its trillion-dollar crossing highlighted the scale of a diversified conglomerate.