Berkshire Hathaway became the first US company outside the technology sector to exceed a US$1 trillion market capitalization in 2024. Its shares crossed the threshold in August as investors responded to strong operating results and confidence in the conglomerate’s collection of businesses.
Berkshire owns insurance operations, railroads, utilities, energy assets and large equity investments. Warren Buffett transformed it from a struggling textile manufacturer into this diversified holding company after acquiring control in the 1960s.
Unlike most giant corporations, Berkshire has never paid a regular dividend under Buffett’s leadership. Investors often treat its huge cash balance and insurance float as important parts of the company’s financial strength when assessing its market value.