- 1 Berkshire Hathaway Net Worth
- 2 Berkshire Hathaway Net Income
- 3 Berkshire Hathaway Annual Revenue
- 4 Berkshire Hathaway Total Assets
- 5 Berkshire Hathaway Gross Profit
- 6 Berkshire Hathaway History
- 7 Berkshire Hathaway Subsidiaries
- 8 Berkshire Hathaway Social media Accounts
- 9 Frequently Asked Questions
This page provides Berkshire Hathaway net worth, history, assets, income, liabilities, net income, total employees, and numerous other items of information. The market value of Buffett’s Berkshire Hathaway is approximately $694 billion.
To put it simply, Berkshire is worth $643 billion. Warren Buffett has stayed the richest man in the world for a very long time because of this company.
Since 2009, Berkshire Hathaway has consistently outperformed the S&P 500, with the exception of 2008–2013.
If you had invested $10,000 in Berkshire Hathaway in the beginning, that investment would now be worth $75,000,000,000.
Although Buffett acquired this company in 1961, its history dates back around one hundred and eighty years.
Well, you should know about this company’s CEO, Warren Buffett, that he purchased his first stock when he was eleven years old.
In addition, it is said that he has contributed over 36 billion dollars to the Bill and Melinda Gates Foundation over the past decade.
Buffett claims Berkshire Hathaway is the worst investment he has ever made. In 1980, only twelve shareholders attended Berkshire’s annual meeting; by 2013, this number had increased to 40,000.
There are over four million employees at Berkshire Hathaway, but only twenty-five people work at Hathaway’s headquarters.
It is believed that Berkshire Hathaway maintains twenty billion dollars in liquid assets at all times.
Berkshire Hathaway Net Worth
As previously indicated, Berkshire Hathaway’s net worth is approximately $694 billion. This company was founded in 1839 and merged in 1961 with businesses that had been operating independently for nearly a century.
This company’s fortunes changed after control was transferred to Warren Buffett. Since that time, it has been regarded as one of the most valuable enterprises in our organization.
There was a long period when it was the most valuable firm in the world. Its investments range from a manufacturer of razor blades to Coca-Cola. It is widely recognized as the most successful investment firm in the world.
Due to this, its largest owners have routinely ranked among the top ten wealthiest people in the world for the past 25 years. Stay tuned with us to stay current on a celebrity’s life.
|Net Worth 2023||$694 Billion|
|Company Name||Berkshire Hathaway Inc.|
|Net Worth in Indian Rupees||Rs. 51.50 Lakh Crore|
|Net income||$-2.688 Billion|
|Revenue||24.29 lakh crores INR ($295,722 FY 2022)|
|Total Assets||$902.296 Billion (FY 22)|
|CEO||Warren Buffett (1970–)|
|Founded||1839, New Bedford, Massachusetts, United States|
|Subsidiaries||HomeServices of America, GEICO, MORE|
|Number of employees||372,000|
|Profession||Multinational conglomerate company|
Berkshire Hathaway Net Income
Annual/quarterly net income history and growth rate from 2010 to 2022 for Berkshire Hathaway After all revenues, income items, and expenses have been accounted for, a company’s net income is its profit or loss.
- Berkshire Hathaway’s net income for the quarter that ended September 30, 2022, was $-2,688 billion, representing a 125.99% annual drop.
- Berkshire Hathaway’s net income for the twelve months ending September 30, 2022, was -$1.337 billion, a year-over-year decrease of 101.55 percent.
- The yearly net income for Berkshire Hathaway in 2021 was $89.795 billion, an increase of 111.18% from 2020.
- Berkshire Hathaway’s yearly net income in 2020 was $42.521 billion, a 47.77% decrease from 2019.
- 2019 net income for Berkshire Hathaway was $81.417 billion, a 1924.79% increase over 2018.
|Year||Annual Net Income (Millions of US $)|
Berkshire Hathaway Annual Revenue
Annual/quarterly revenue history and growth rate from 2010 to 2022 for Berkshire Hathaway In exchange for the sale of goods or services, a corporation earns revenue from its clients. An income statement’s top line item is revenue, from which all expenditures and expenses are removed to determine net income.
- Berkshire Hathaway’s revenue for the quarter ending September 30, 2022, increased by 9% year-over-year to $76.934 billion.
- The revenue of Berkshire Hathaway for the twelve months ended September 30, 2022, was $295,722 billion, a rise of 10.07 percent year-over-year.
- The yearly revenue of Berkshire Hathaway in 2021 was $276.094 billion, a 12.46% increase from 2020.
- Berkshire Hathaway’s annual revenue in 2020 was $245.51 billion, a 3.58% decrease from 2019.
- The 2019 yearly revenue for Berkshire Hathaway was $254.616 billion, a 2.74 percent increase from 2018.
|Year||Annual Revenue (Millions of US $)|
Berkshire Hathaway Total Assets
The total assets of Berkshire Hathaway from 2010 until 2022. Total assets are the sum of all assets included on a company’s balance sheet.
- The total assets of Berkshire Hathaway for the quarter ending September 30, 2022, were $902.296 billion, a decrease of 2.01% year-over-year.
- The total assets of Berkshire Hathaway in 2021 were $958.784 billion, a 9.73% increase from 2020.
- Berkshire Hathaway’s total assets in 2020 were $873.729 billion, a rise of 6.85 percent from 2019.
- Berkshire Hathaway’s total assets in 2019 were $817.729 billion, an increase of 15.53 percent over 2018.
|Year||Annual Total Assets (Millions of US $)|
Berkshire Hathaway Gross Profit
Annual and quarterly gross profit history and growth rate from 2010 to 2022 for Berkshire Hathaway Gross profit is the amount of money a company makes after taking out the variable costs directly linked to making and selling its goods or services.
- Berkshire Hathaway’s gross profit for the quarter ended September 30, 2022, increased by 9.91% year over year to $56.973 billion.
- Berkshire Hathaway’s gross profit for the twelve months that ended on September 30, 2022, was $223.33 billion. This was 10.98% more than the same time last year.
- The gross profit for Berkshire Hathaway in 2021 was $207.554 billion, a 13.45% increase from 2020.
- The yearly gross profit for Berkshire Hathaway in 2020 was $182.949 billion, a decrease of 5.68% from 2019.
- The 2019 yearly gross profit for Berkshire Hathaway was $193,974 billion, a 0.8% increase from 2018.
|Year||Annual Gross Profit (Millions of US $)|
Berkshire Hathaway History
Berkshire Hathaway traces its origins to 1839, when Oliver Chace founded the Valley Falls Company in Valley Falls, Rhode Island, to manufacture textiles. Chace had previously worked for Samuel Slater, the first successful American textile mill creator.
In 1806, Chace opened his first textile business. In 1929, the Valley Falls Company merged with the Adams, Massachusetts-based Berkshire Cotton Manufacturing Company, founded in 1889.
Berkshire Fine Spinning Associates was the name of the merged company.
In 1955, Berkshire Fine Spinning Associates combined with the Hathaway Manufacturing Company, which had been formed in 1888 by Horatio Hathaway with earnings from whaling and the China Trade in New Bedford, Massachusetts.
The first decades of Hathaway’s existence were prosperous, but the company struggled amid the general collapse of the textile sector following World War I. After the Great Depression, Seabury Stanton’s investing efforts were rewarded with an increase in Hathaway’s profitability.
After the merger, Berkshire Hathaway had 15 plants with over 12,000 employees, a revenue of more than $120 million, and its headquarters in New Bedford. But by the end of the decade, seven of these places had closed, causing a lot of people to lose their jobs.
Warren Buffett began purchasing Berkshire Hathaway stock in 1962 after observing a pattern in the direction of the stock’s price whenever the business shuttered a mill.
Buffett eventually agreed that the textile industry was declining and that the company’s financial status would not improve. [vague] In 1964, Stanton made a verbal offer to repurchase Buffett’s ownership in the company for $1112 per share.
Buffett accepted the agreement. A few weeks later, Warren Buffett got the written tender offer, but it was for only $113.80. Buffett later confessed that he was irritated by this substandard offer.
In lieu of selling at the slightly lower price, Buffett opted to purchase additional shares in order to seize control of the company and dismiss Stanton (which he did). However, this made Buffett the majority owner of a textile company that was failing.
Buffett initially maintained textiles as Berkshire’s core business, but by 1967 he had diversified into the insurance industry and other investments. Berkshire first entered the insurance industry when it purchased National Indemnity Company.
In the late 1970s, Berkshire Hathaway purchased an equity holding in the Government Employees Insurance Company (GEICO), the core of its insurance business today (and a significant source of financing for its other investments).
In 1985, the last textile operations (the traditional core of Hathaway) were discontinued.
Buffett stated in 2010 that purchasing Berkshire Hathaway was the largest investment error he had ever made and that it had cost him around $200 billion in compounded investment returns over the subsequent 45 years.
Buffett asserted that had he invested that money directly in insurance businesses as opposed to buying out Berkshire Hathaway (due to what he regarded as an insult by an individual), those investments would have returned multiple hundreds of times their initial investment.
Berkshire Hathaway Subsidiaries
- Berkshire Hathaway GUARD Insurance Companies
- Dairy Queen
- H.J. Heinz Company
- Berkshire Hathaway Energy
- BNSF Railway
- biBERK Business Insurance
- Alleghany Corporation
- Berkshire Hathaway Homestate Companies
- Forest River
- National Indemnity Company
- HomeServices of America
- Precision Castparts Corp.
- Benjamin Moore & Co.
- Nebraska Furniture Mart
- Marmon Group
- TTI, Inc.
- Mouser Electronics
- Clayton Homes
- McLane Company
- Johns Manville
- See’s Candies
- Shaw Industries
- Scott Fetzer Company
- Burlington Northern Santa Fe, LLC
- Business Wire
- Oriental Trading Company
- Helzberg Diamonds
- MidAmerican Energy Company
- Acme Brick
- United States Liability Insurance Co Inc
- International Metalworking Companies
- FlightSafety International
- Orange Julius
- Richline Group Inc
- Pampered Chef
- Berkadia Proprietary Holding LLC
- Brooks Sports
- MiTek Inc.
- Gen Re
- ISCAR Metalworking
- MedPro Group
- CORT Business Services Corporation
- LiquidPower Specialty Products Inc.
- NATIONAL FIRE & MARINE INSURANCE CO
- Ben Bridge
- RC Willey Home Furnishings
Berkshire Hathaway Social media Accounts
Frequently Asked Questions
What is Berkshire Hathaway
Holding company and multinational conglomerate
Does Warren Buffett still own Berkshire Hathaway?
Warren Buffett created Berkshire Hathaway and currently serves as its chairman and chief executive officer, but he does not own the company. 68% of the shares of the publicly traded firm Berkshire Hathaway are owned by financial institutions.
Does Bill Gates own Berkshire Hathaway?
Buffett has contributed around $33 billion in Class B shares of Berkshire Hathaway to Gates’ trust since 2006. And Bill Gates graciously opted to hold the majority of it in his portfolio. Consequently, this is one of the reasons why Bill Gates owns Berkshire Hathaway stock.
Can I invest with Berkshire Hathaway?
Investors interested in purchasing Berkshire Hathaway have two options: Class A stock (BRK-A) and Class B stock (BRK-B). Both forms of shares allow access to the renowned conglomerate, but there are significant distinctions between them. Price is the primary distinction between the two types of shares.
Berkshire Hathaway is the most expensive stock in the world. One of the primary reasons why the company’s stock is so expensive is that it has never been split. Warren Buffet, the chief executive officer of the corporation, decided against a split to prevent short-term trading that would increase volatility.
Disclaimer: The amount listed above for Berkshire Hathaway net worth is merely an estimate. The information was obtained through a variety of resources, including online, in-person, and/or over the phone. There is a possibility that the information is out of date or that it may vary.