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|Formerly called||Valley Falls Company
|Traded as||Class A NYSE: BRK.A
Class B NYSE: BRK.B
S&P 100 Component (BRK.B)
S&P 500 Component (BRK.B)
|Founded||1839; 179 years ago (1839)
Cumberland, Rhode Island, United States
|Headquarters||Kiewit Plaza, Omaha, Nebraska, U.S.|
|Key people||Warren Buffett
(Chairman and CEO)
|Products||Diversified investments, property and casualty insurance, Utilities, Restaurants, Food processing, Aerospace, Media, Toys, Automotive, Sporting goods, Consumer products, Internet, Real estate|
|Revenue||US$223.60 billion (2016)|
|Operating income||US$32.74 billion (2016)|
|Net income||US$24.07 billion (2016)|
|Total assets||US$620.85 billion (2016)|
|Total equity||US$283.00 billion (2016)|
|Owner||Warren Buffett (36.8%)|
|Number of employees||367,700 (2016)|
|Subsidiaries||List of subsidiaries|
Berkshire Hathaway Short Bio
Berkshire Hathaway is a holding company of US origin that owns all or part of the shares of various business groups.
It has its roots in the textile factory established in 1839 by Oliver Chace known as Valley Falls Company, in Valley Falls, Rhode Island. Chace had already worked with Samuel Slater, a successful businessman in the textile industry in the United States. Chace founded his first textile company in 1806. In 1929 the company joins with the Berkshire Cotton Manufacturing Company, established in 1889. The union of the companies became known as Berkshire Fine Spinning Associates.
In 1955, Berkshire Fine Spinning associates merged with Hathaway Manufacturing Company, founded in 1888 by Horatio Hathaway. Hathaway was successful in the first decades, but suffered losses during the fall of the textile industry after the First World War. After the union, Berkshire Hathaway had 15 plants and employed more than 12,000 workers with incomes over $ 120 million, seven of these plants closed at the end of the decade.
In 1962, billionaire Warren Buffett began buying shares of Berkshire Hathaway, bought enough to change the direction of the company and soon he controlled the company. At first, Buffett maintained the center of business in textiles, but in 1967 it expanded into the insurance, reinsurance and other investment industries. Berkshire was introduced to the insurance industry with the purchase of National Indemnity Company. In 1985 they were the last textile operations of the company.
Berkshire Hathaway has expanded remarkably and is dedicated from the sale of jewelery to the manufacture of bricks and has as CEO to Warren Buffett.
Berkshire Hathaway Net Worth – $400 Billion
More Facts about Berkshire Hathaway
The Berkshire Hathaway’s statistics like age, body measurements, height, weight, bio, wiki, net worth posted above have been gathered from a lot of credible websites and online sources. But, there are a few factors that will affect the statistics, so, the above figures may not be 100% accurate.