AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share

Berkshire Hathaway

Berkshire Hathaway
Company nameBerkshire Hathaway Inc.
Company typePublic
(as Valley Falls Company)
Founder(s)Oliver Chace
HeadquartersOmaha, Nebraska
Area servedWorldwide
Key peopleWarren Buffett
(Chairman & CEO)
Charlie Munger
(Vice Chairman)
ProductsProperty and casualty insurance, Diversified investments
Revenue(+) US$ 136.185 billion (2010)
Operating income(+) US$  19.051 billion (2010)
Net income(+) US$  12.967 billion (2010)
Total assets(+) US$ 372.229 billion (2010)
Total equity(+) US$ 157.318 billion (2010)
Employees260,519 (2010)
SubsidiaryList of subsidiaries

     Home | Company | Berkshire Hathaway

Berkshire Hathaway Inc. ( , ) is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States, that oversees and manages a number of subsidiary companies. The company averaged an annual growth in book value of 20.3% to its shareholders for the last 44 years, while employing large amounts of capital, and minimal debt. Berkshire Hathaway stock produced a total return of 76% from 2000 � 2010 versus a negative 11.3% return for the S&P 500.

Warren Buffett is the company's chairman and CEO. Buffett has used the "float" provided by Berkshire Hathaway's insurance operations (paid premiums which are not held in reserves for reported claims and may be invested) to finance his investments. In the early part of his career at Berkshire, he focused on long-term investments in publicly quoted stocks, but more recently he has turned to buying whole companies. Berkshire now owns a diverse range of businesses including confectionery, retail, railroad, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales; newspaper publishing; manufacture and distribution of uniforms; as well as several regional electric and gas utilities.

According to the Forbes Global 2000 List Berkshire Hathaway is the eighth largest public company in the world.

Warning: simplexml_load_file( [function.simplexml-load-file]: failed to open stream: HTTP request failed! HTTP/1.0 410 Gone in /home/askbio/public_html/index_bio.php on line 257

Warning: simplexml_load_file() [function.simplexml-load-file]: I/O warning : failed to load external entity "" in /home/askbio/public_html/index_bio.php on line 257

Fatal error: Call to a member function children() on a non-object in /home/askbio/public_html/index_bio.php on line 260