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Berkshire Hathaway Inc. (/ ˈ b ɜːr k ʃ ər /) is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate starting in 1965 under the management of chairman and CEO Warren Buffett and vice chairman Charlie Munger (1978–2023).
At year end 2021, Berkshire Hathaway Energy owns 7.7% of Chinese electric vehicle manufacturer BYD Company, and Berkshire Hathaway owns approximately 6% stakes in five major Japanese conglomerates, ITOCHU Corporation, Mitsubishi Corporation, Marubeni Corporation, Sumitomo Corporation and Mitsui & Co., Ltd. [79]
He left Berkshire in 2011 after he personally made a $3 million profit from Berkshire Hathaway's purchase of Lubrizol. [7] In 2014, the company changed its name from MidAmerican Energy Holdings Company to Berkshire Hathaway Energy. [8] In August 2022, Berkshire Hathaway acquired a 1% stake in the company from Greg Abel for $870 million. [9]
[70] [71] Berkshire Hathaway already owned a 3% stake, with rights to own more than 20%. [72] Also in 2009, Buffett acquired Burlington Northern Santa Fe Corp. for $34 billion in cash and stock. Alice Schroeder, author of Snowball, said that a key reason for the purchase was to diversify Berkshire Hathaway from the financial industry. [73]
In January 2018, Abel was named Berkshire Hathaway's vice chairman for non-insurance operations and appointed to Berkshire's board of directors. [ 7 ] Abel is also vice chairman of Edison Electric Institute , and a director of AEGIS Limited, Kraft Heinz , Nuclear Electric Insurance Limited , the Hockey Canada Foundation, the Mid-Iowa Council ...
It was acquired by Berkshire Hathaway in 2003 for $1.7 billion. [12] [19] [18] Cerberus Capital Management also expressed interest in bidding for the company. [20] [21] The certificate of merger was filed in Delaware, and Clayton Homes stock was removed from the New York Stock Exchange. [22] [23] In 2007, Clayton Homes' revenue was $3.66 ...
The Valley Falls Company is the original antecedent of Berkshire Hathaway, currently one of the world's largest and most successful companies. Oliver Chace began his career as a carpenter working for pioneer industrialist Samuel Slater in Pawtucket, Rhode Island.
Ajit Jain (born 23 July 1951) is an Indian-American executive who is the Vice Chairman of Insurance Operations for Berkshire Hathaway as of January 10, 2018. [ 1 ] [ 2 ] Ajit Jain is an older cousin of Anshu Jain , who was the former Co-CEO of Deutsche Bank .