The market value of Berkshire Hathaway, the investment company owned by American billionaire and investor Warren Buffett, crossed the $1 trillion mark on Wednesday, the first non-technical company on Wall Street to achieve success.
Buffett, who turns 94 on Friday, has led Berkshire Hathaway since 1970, turning it from a small clothing company into one of the world’s most valuable companies, and into one of the richest people in the world. -world.
Berkshire Hathaway’s market capitalization passed the $1 trillion mark on Wednesday, placing the company among the likes of Apple, Nvidia and Microsoft.
The company’s Class A shares were up 0.8% in late trading Wednesday, while Class B shares were up 0.9% for a total market capitalization of just over $1 trillion.
It is the only listed non-technology company, apart from the Saudi oil company Saudi Aramco, that has achieved such a market value. Electric car manufacturer Tesla is considered to be a technology company, which previously also had a market value of one trillion dollars, according to analysts.
