Berkshire Hathaway became the first U.S. company outside the technology sector to reach a $1 trillion market capitalization in August 2024.
Its market value passed $1 trillion on August 28, 2024, making Berkshire the first non-technology U.S. company to achieve that public-market valuation. The milestone followed a long rise in the company’s share price and operating earnings.
Berkshire Hathaway is a diversified conglomerate with insurance at its core. Its businesses and investments have included GEICO, BNSF Railway, Berkshire Hathaway Energy, manufacturing companies, retailers, and large holdings of publicly traded shares.
Warren Buffett has led Berkshire since 1965, transforming it from a struggling textile manufacturer into a major investment and operating company. The company is sometimes described as an investment firm, but its insurance, railroad, energy, and industrial subsidiaries make it broader than a conventional asset manager.