Berkshire Hathaway Inc.

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Berkshire Hathaway Inc.
Founded 1955
Headquarters Omaha, Nebraska
Key People Warren Buffett

Berkshire Hathaway Inc. is a conglomerate holding company. Its chairman and CEO is the famed investor Warren Buffett. Berkshire Hathaway was ranked #2 in Forbes' "Top 20 Most Admired Companies" in 2008.[1]

As the U.S. economy reeled from the credit crisis in 2008, Berkshire Hathaway made a $5 billion investment into Goldman Sachs. Soon after, it made a $6 billion investment into General Electric.[2]

In August of 2011, it was announced that famed investor Warren Buffett's company Berkshire Hathaway would invest $5bn (£3.1bn) in Bank of America. News of the decision sent Bank of America's shares more than 25 percent higher.[3]


The merger of the Berkshire Fine Spinning Associates and Hathaway Manufacturing Company in the 1950s created the company that today is Berkshire Hathaway. Warren Buffett has been its CEO and Chairman for more than fifty years. The modern history of the company begins in 1963, when Warren Buffett and his associates became the largest shareholders. He changed the core business of the company from textile manufacturing to insurance in 1967. [4]. The company has since become a major investment and holding company, worth $358 billion (as of February 1st, 2015). [5] The company's major acquisitions include Helzberg Diamonds, GEICO, and Dairy Queen.[6] Other notable acquisitions include Fruit of the Loom, Forest River, and 50% of H.J. Heinz & Co.[7]

In The News[edit]

On April 20th, 2015 the Bank of England wrote the US Treasury Department over the exclusion of Berkshire Hathaway's reinsurance operation, General Reinsurance Corporation (marketed as Gen Re), was left off of a list of too big to fail companies. Gen Re was ranked 6th among re-insurers by gross premiums written.[8]

Products and Services[edit]

  • Insurance
  • Building Materiel Manufacturing
  • Retail
  • Luxury Goods
  • Recreational Vehicle Manufacturing
  • Food Service
  • Textile Manufacturing
  • Consumer Goods
  • Railroad Transportation

Key People[edit]


Berkshire Hathaway Subsidiary Companies[edit]

  • Nebraska Furniture Mart
  • CTB Inc.
  • NetJets
  • Fechheimer Brothers Company
  • The Pampered Chef
  • FlightSafety
  • Precision Steel Warehouse, Inc.
  • Forest River
  • RC Willey Home Furnishings
  • Fruit of the Loom
  • Scott Fetzer Companies
  • Garan Incorporated
  • See's Candies
  • Gateway Underwriters Agency
  • Shaw Industries
  • GEICO Auto Insurance
  • Star Furniture
  • General Reinsurance Company (Gen Re)
  • TTI, Inc.
  • Helzberg Diamonds
  • United States Liability Insurance Group
  • H.H. Brown Shoe Group
  • Wesco Financial Corporation
  • HomeServices of America, a subsidiary of MidAmerican Energy Holdings Company
  • XTRA Corporation
  • 50% stake in H.J. Hienz, with the remaining 50% owned by 3G Capital
  • Burlington Northern Santa Fe Railroad
  • Dairy Queen International
  • Duracell