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Today [Aug 28, 2024], Berkshire Hathaway’s market value surpassed $1 trillion for the first time. The company’s Class B shares were trading at $465.28 in pre-market, up 1.01%.
This milestone makes Berkshire Hathaway the first non-tech company to reach a $1 trillion market capitalization, joining tech giants like Apple and Amazon. The conglomerate has significant holdings in industries including insurance, railroads, and consumer goods.
Warren Buffett, who turns 94 in two days, has led the company for nearly six decades. Under his leadership, Berkshire Hathaway has grown from a small textile company to a diversified investment holding company.
Financial analysts noted the significance of a non-tech company reaching this valuation. Buffett addressed employees, emphasizing the importance of continued wise investments and maintaining the company’s financial strength.
The $1 trillion valuation represents a notable point in Berkshire Hathaway’s history, reflecting its growth and market position over the years.