Berkshire becomes world's first non-tech company!!!
Berkshire becomes world's first non-tech company!!!
The popularity of world's legendary investor warren buffett is increasing. His company Berkshire Hathaway has created history by becoming the world's first $1 trillion non-tech company. On Wednesday, the company's market cap crossed this milestone for the first time. The company's shares went up 0.8 percent, making Berkshire Hathaway a $1 trillion company. Earlier, only technology companies were able to touch this magical figure.
Berkshire Hathaway shares went up almost 30 percent this year
Berkshire Hathaway shares have given more returns than the S&P 500 this year. The year 2024 has been great for the company. This year the company's shares have gone up almost 30 percent. This is the company's best performance in the last decade. Only companies like Alphabet Inc., Meta Platforms and Nvidia have been able to achieve the one trillion dollar mark before this. Berkshire Hathaway's shares have given returns equal to these companies this year.
Transformed a struggling textile company into a business empire
warren buffett has spent his entire life transforming Berkshire Hathaway from a struggling textile company into a business group with a huge business empire. He created a business group with his partner charlie Munger, which is now discussed all over the world. charlie Munger died in november last year at the age of 99. The market value of Berkshire Hathaway has been increasing by about 20 percent every year since 1965. On the basis of this, warren buffett once became the richest man in the world. He is still at number 8 in the world. His net worth is estimated to be around $ 145 billion.