The market value of the investment company Berkshire Hathaway, led by American billionaire Warren Buffett, surpassed the one trillion dollar mark on Wednesday. This made it the first American company outside the technology sector to reach this value, according to CNBC.
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Among the companies that had previously surpassed this threshold are Apple, Nvidia, Microsoft, Alphabet, Amazon, and Meta, all from the technology sector.
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Buffett, who will celebrate his 94th birthday this Friday, is one of the wealthiest people in the world and has earned the nickname “The Oracle of Omaha” due to his investment successes. During Wednesday’s trading, Berkshire Hathaway Class A shares rose by as much as 1.2%, with their price nearing $700,000 per share.
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Since the beginning of the year, their value has increased by almost 30%. Berkshire Hathaway controls dozens of subsidiary companies in various sectors and holds significant stakes in many well-known firms, such as Coca-Cola and Apple. In early August, Berkshire announced that it had increased its operating profit by 15% to a record $11.6 billion in the second quarter.
According to Bloomberg’s billionaire index, Warren Buffett is the eighth richest person in the world, with an estimated net worth of around $145 billion.
