Which company is controlled by investor Warren Buffett and headquartered in Omaha, Nebraska?

Berkshire Hathaway is controlled by investor Warren Buffett and headquartered in Omaha, Nebraska.

Berkshire Hathaway is a holding company whose major businesses include insurance, freight rail, utilities, energy, manufacturing, retail, and investment operations. Warren Buffett became chairman and chief executive after purchasing shares in the struggling textile company Berkshire Hathaway during the 1960s.

Buffett ultimately shifted the company away from textiles and toward insurance and diversified acquisitions. Berkshire’s insurance businesses, including GEICO and General Re, provide capital that can be invested while claims are pending. The company also owns BNSF Railway and Berkshire Hathaway Energy, among many other subsidiaries.

Berkshire is often described as a conglomerate rather than a conventional operating company. Its Class A shares are famous for their extremely high per-share price, while Class B shares were created in 1996 to make ownership more accessible. A common error is to call Berkshire a mutual fund; it owns operating businesses and public-company investments through a corporate structure.