Berkshire Hathaway (BRKa.N), led by Warren Buffett since 1965, reached a market value of over $1 trillion for the first time. This achievement reflects strong investor confidence in the conglomerate, often seen as a proxy for the U.S. economy.
Berkshire joins a select group of U.S. companies valued above $1 trillion, including Apple, Nvidia, Microsoft, Alphabet, Amazon, and Meta. On Wednesday, Berkshire’s Class A shares closed at $696,502.02, while Class B shares rose to $464.59.
Berkshire’s diverse holdings, such as Geico and BNSF railroad, generated $22.8 billion in profit in the first half of the year, up 26% from 2023. Despite significant stock sales in 2024, the company’s cash reserves reached $276.9 billion as of June 30. Buffett still owns over 14% of Berkshire, with a fortune estimated at $146 billion.