Berkshire Hathaway was the first U.S. non-technology business to surpass a $1 trillion market capitalization in 2024.
Berkshire crossed the threshold in late August 2024, after the market value of its publicly traded shares rose above $1 trillion. The milestone was notable because Berkshire is a diversified holding company rather than a major technology platform. Its businesses include insurance, railroads, utilities, manufacturing, and retail operations.
The company is closely associated with Warren Buffett, who became its chairman and chief executive after acquiring control in the 1960s. Berkshire’s insurance operations provide capital for investments, while its large portfolio of operating subsidiaries gives it exposure to many parts of the economy.
The phrase “non-technology” is a market-description rather than a formal industry boundary. Berkshire owns technology-related investments, but its primary identity is as a diversified conglomerate and investment company.