Interesting Facts About Berkshire Hathaway That Will Surprise You
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Be it in the USA or India, from the prevailing countries to the average countries, every country and the citizens of it have heard the name of Berkshire Hathaway. The name has more fame than the international music bands. Not only the company's name tag, what's more, interesting is the name of the CEO of the company, Mr. Warren Buffett. People may not know the company's whereabouts, but they surely know who Mr. Warren Buffett is. The company surely prevails in the national as well as international market with its work.
Every person and the thing he/she possesses has a story of its kind. A story may be forgotten actually, but when it's more of a legacy, it prevails for an eternal period. Such is the case with Berkshire Hathaway of Mr. Warren Buffett. The company's establishment is no less than a concrete legacy of its kind.
Now let us see what are the interesting facts about Warren Buffett's Berkshire Hathaway.
Berkshire Hathaway Net worth and stake ownership
Berkshire Hathaway Power percentage to vote
The Quotation by Warren Buffett
Starter Dish
Behind the Curtain
Here goes car into the hole
Dual stock class of Berkshire Hathaway
Yummy cash served hot
The vintage edition of Berkshire Hathaway
Branches of Berkshire Hathaway
Names under Berkshire Hathaway
Berkshire Hathaway D. Collection
Berkshire Hathaway Multiple assets
About Berkshire Hathaway Employees
Berkshire Hathaway's special beverage
Conclusion
FAQs
Shubham Kumar
These are the points that shall be discussed in the following lines. Hope you have a fun learning session reading about the interesting facts about Berkshire Hathaway. Here it goes then.
Berkshire Hathaway Net worth and stake ownership
As per the latest data found in the year 2021 about Berkshire Hathaway, the company has a net worth of more than a hundred billion dollars ($100 B). Precisely, the stats of 2021 of Berkshire Hathaway announces that the net worth is around $103.3 billion. Also, the recent analysis report shows that the stake ownership of Berkshire is around 16.20%. The data was recorded last on March 3 of 2021. Some astonishing numbers for sure from the first of Warren Buffett.
Berkshire Hathaway Power percentage to vote
The voting power of the BH (Berkshire Hathaway) as per the report of March 3, 2021, is said to be 32.10%.
The Quotation by Warren Buffett
Indeed, a person with success always has a wise tongue. Just like what Warren Buffett once said - "Losing money for the firm is a mistake, but losing even a drop of reputation is a sin and is unforgivable." He believes that money is a volatile object and losing it is understandable but respect is all in our hands and one should never lose it at any cost. A person is ultimately known for the deeds and respect he/she has earned in her whole life. No one remembers you solely because you had piles of green notes in your locker of the bank. So that's why only a successful man can utter such wise words because of the profound experience he has.
Alan Joseph
Starter Dish
Warren Buffett had a mind of a genius from the very beginning. He had purchased his virgin stock from the market for himself and her sister, at an early age of mere 11 years old. Back then, he made a huge profit of more than 800 dollars from his shares. Is not it so amazing that at such a young age, he had such strategical knowledge about the share market? It surely is. No doubt his name is written in stone plates today. His brilliance is at another level.
Behind the Curtain
There's a very uncommon reason behind why Warren Buffett bought Berkshire in the year 1964. His sole motive back then was to terminate the existing CEO. The dispute happened due to a rejection matter between Buffett and the existing CEO of BH back then.
Here goes car into the hole
Surprisingly, Warren considers BH to be one of his mega losses. He goes like this because he had estimated the company's net worth to touch 200 billion dollars which is still far away.
Dual stock class of Berkshire Hathaway
Warren Buffett had divided the company's stock into two different classes. Major class A holds most of the stocks and the B class holds the small investments.
Yummy cash served hot
Warren Buffett has already planned multiple backup plans in case of any emergency and for that, the company has no less than 86 billion dollars cash balance so that the company never suffers.
The vintage edition of Berkshire Hathaway
The company in 1939 was a small textile manufacturing company and had no such connections as today.
Pooja Uniyal
Branches of Berkshire Hathaway
The company isn't limited to one business and has side branches that involve making jewelry, encyclopedias, newspaper publishing 'etc.'.
Names under Berkshire Hathaway
BH has its major stocks in companies like IBM, Coca-cola 'etc.'.
Berkshire Hathaway D. Collection
The shareholders affiliated with BH have got only one dividend since 1965.
Berkshire Hathaway Multiple assets
The company surpasses Amazon in terms of assets, by having more assets than a company so big as Amazon, nearly 5+ times more.
About Berkshire Hathaway Employees
BH is a world of its kind. The number of employees in BH alone can make a small city. The most productive city ever.
Berkshire Hathaway's special beverage
Cherry coke is said to be Mr. Warren's favorite drink and that's why this is the BH special as they call it.
Conclusion
Warren Buffett has bought the company from the ground to the seventh sky and that requires a lot of drudgeries which all the employees affiliated with it have done. The company's growth is still on the move and that's what we call progress.
FAQs
Who is the CEO of Berkshire Hathaway?
Warren Buffett is the CEO of Berkshire Hathaway since 1970.
What is the business of Berkshire Hathaway?
Berkshire Hathaway owns many businesses which includes:
- Insurance
- Rail transportation
- Energy generation and distribution
- Manufacturing
- Retailing
Does Berkshire Hathaway still make textiles?
No, The textile manufacturing company of Berkshire Hathaway shut down in 1985.
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