Berkshire Hathaway, originally a textile manufacturing company, came to be acquired by Warren Buffett in 1965

Berkshire Hathaway is an American holding company based in Omaha, Nebraska, led by investor Warren Buffett.Buffett helped turn the company around when he gained control in 1965. It has turned into a holding company with a large hand in several Fortune 500 companies, including Apple and Coca-Cola. Read more about Berkshire Hathaway and how it got its start below.MICROSOFT, GLOBAL LEADER IN TECHNOLOGY, FOUNDED IN 1975 BY BILL GATES, PAUL ALLEN, ORIGINALLY $21 PER SHARE Berkshire Hathaway actually began as two Massachusetts-based textile firms. Berkshire Fine Spinning Associates and Hathaway Manufacturing Company, according to Investopedia. These two companies merged in 1955 to create Berkshire Hathaway.In 1962, Buffett Partnership Limited (BPL), an investment group led by Buffett, began purchasing shares of Berkshire Hathaway at a price of $7.50 per share, according to Britannica Money. STARBUCKS HAS GONE THROUGH 6 CEOS SINCE ITS IPO IN 1992; COMPANY HIRING, FIRING NOT WITHOUT DRAMAIn 1965, Buffett had bought enough shares to gain control of Berkshire Hathaway. In 1978, Charles "Charlie" Munger joined Berkshire Hathaway as its vice chairman. He held this role until his passing in November 2023. Buffett and Munger worked together, using the technique of buying undervalued businesses and turning them around to build Berkshire Hathaway's fortune. THE HISTORY OF CVS: FROM SMALL MASSACHUSETTS RETAILER TO A LEADING HEALTH SOLUTIONS COMPANYOver the years, Berkshire Hathaway's portfolio has grown greatly. Berkshire Hathaway owns companies across industries, including energy, utilities, transportation, manufacturing, retail and insurance. An example of a company that Berkshire Hathaway owns is the insurance company GEICO.Additionally, Berkshire Hathaway has large investments in several massive companies. THE HISTORY OF ESTÈE LAUDER, ONE OF THE WORLD'S LEADING COSMETIC BRANDS, BEGINNING WITH AN $800 SALECompanies that Berkshire Hathaway has major holdings in include Apple, Bank of America, American Express Company, Chevron, The Kraft Heinz Company and Coca-Cola. Buffett is one of the most successful investors in the world. Berkshire Hathaway is known for its diverse portfolio, with many investors keeping an eye on the stocks that Buffett buys and sells. Not only is Berkshire Hathaway known for its diverse portfolio, but it is also the world's most expensive stock. GET FOX BUSINESS ON THE GO BY CLICKING HERE Berkshire Hathaway's Class A stock is priced at about $686,000 a share, as of September 2024, according to US News Money.  Weiter zum vollständigen Artikel bei FOX Business Weiter zum vollständigen Artikel bei FOX Business