Berkshire Hathaway reaches historic $1 trillion market value

[LAUREN TAYLOR]

WARREN BUFFETT’S BERKSHIRE HATHAWAY HAS MADE HISTORY BY BECOMING THE FIRST NON-TECH U.S. COMPANY TO REACH A $1 TRILLION DOLLARS IN MARKET VALUE.

THE MILESTONE HAPPENING TWO DAYS BEFORE THE ORACLE OF OMAHA TURNS 94.

THE COMPANY’S SHARES ROSE MORE THAN 1% WEDNESDAY, PUSHING ITS MARKET CAPITALIZATION ABOVE THE TRILLION-DOLLAR MARK FOR THE FIRST TIME.

ANALYSTS SAY BUFFETT ACHIEVED THIS FEAT THROUGH DECADES OF STRATEGIC INVESTMENTS AND A DIVERSE BUSINESS PORTFOLIO, SHOWCASING THE ENDURING POWER OF HIS VALUE-DRIVEN INVESTING APPROACH.

BERKSHIRE’S DIVERSE EMPIRE EXTENDS BEYOND THE TECH-CENTRIC FOCUS OF MANY MODERN GIANTS, OWNING BUSINESSES RANGING FROM PILOT TRAVEL CENTERS TO DAIRY QUEEN AND DURACELL.

BERKSHIRE’S STOCK HAS SURGED MORE THAN 28% IN 2024 – AN INCREASE OF MORE THAN $200 BILLION DOLLARS — OUTPERFORMING THE S&P 500’S 18% GAIN AND NEARLY MATCHING THE 35% INCREASE OF THE ‘MAGNIFICENT SEVEN’ TECH STOCKS.

AS BERKSHIRE HATHAWAY REACHES NEW HEIGHTS, WARREN BUFFETT’S PERSONAL WEALTH HAS GROWN SUBSTANTIALLY. HIS PERSONAL FORTUNE HAS SEEN A SIGNIFICANT BOOST, WITH HIS NET WORTH INCREASING BY $25 BILLION DOLLARS THIS YEAR ALONE, PLACING HIM EIGHTH ON THE BLOOMBERG BILLIONAIRES INDEX WITH A NET WORTH OF $145 BILLION.

FOR STRAIGHT ARROW NEWS, I’M LAUREN TAYLOR.