Berkshire Hathaway Inc., the company of Warren Buffett’s fifth richest person in the world, has done wonders. The price of one share of the company reached Rs 3,82,23,250 ($500,00). Warren Buffett’s company has done this at a time when there is turmoil around the world due to the ongoing war between Ukraine and Russia.
Berkshire’s Class A shares have seen a 10% jump so far this year. On the other hand, the Standard & Poor’s 500 index has seen a jump of 12%. Let us tell you, the market value of the company is about 731 billion dollars. It is the sixth largest company in America.
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How did the journey from $20 to $500,000 take place?
When Warren Buffett took over the reins of this company in 1965, a share price was just $ 20. Also the position of the company was not very good. But Warren Buffett’s brilliance today makes it the sixth-best by market cap in the US behind Apple Inc., Microsoft Corp., Alphabet Inc., Amazon.com Inc. and Tesla Inc. Let us tell you, at present, Warren Buffet holds 16.2% stake in the company. The company had earned a record profit of 27.46% percent last year. In such a situation, whoever had invested in this company earlier, he would have become rich today.
What does the company do?
The company also does dozens of businesses like Geico Car Insurance, BNSF railroad, real estate. In China, the company plans to open 600 Dairy Queen stores by 2030. It already has the largest market in the US. Berkshire ends 2021 with $146.7 billion in cash