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Warren Buffett’s Berkshire Hathaway Now Worth $1 Trillion

29Aug By NitishNo Comments

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Warren Buffett’s Berkshire Hathaway Now Worth $1 Trillion

29th Aug, 2024: On Wednesday, Berkshire Hathaway’s market value exceeded $1 trillion, showcasing investor confidence in the conglomerate that Warren Buffett has meticulously built over nearly six decades. Many view Berkshire as a barometer for the American economy. Berkshire joins an elite group of six other companies, primarily from the technology sector, that have surpassed the $1 trillion mark: Apple, Nvidia, Microsoft, Alphabet (Google’s parent company), Amazon, and Meta Platforms (Facebook’s parent company). In the first half of the year, Berkshire’s diverse portfolio of insurance, energy, manufacturing, retail, and service businesses generated $22.8 billion in profit, marking a 26% increase from the previous year. These businesses include well-known names such as Geico car insu...

Financial World Legend Charlie Munger Passes Away at 99

29th November, 2023: Charlie Munger, a renowned figure known for his close association with the celebrated American investor Warren Buffett, sadly passed away at the age of 99 on Tuesday. Having spent nearly six decades as Buffett's confidant and business partner, Munger played a pivotal role in the remarkable transformation of Berkshire Hathaway Inc. from a struggling textile manufacturer to an influential global empire. Charlie Munger's family has shared the news of his peaceful passing on Tuesday at a California hospital. Berkshire Hathaway expressed their mourning in a press release, acknowledging the significant impact Munger had on the company's trajectory. Warren Buffett, CEO of Berkshire Hathaway, deeply recognized Munger's inspiration, wisdom, and unwavering commitment to the o...

Apple to Become First $1 Trillion Company Soon Beating Amazon

Apple's market capitalisation topped a record of $934 billion on Thursday making the tech giant come at the verge of becoming the first $1 trillion publicly listed US company which might take over Amazon in the coming times. The iPhone maker also witnessed an impetus after Warren Buffet announced the purchase of 75 million additional Apple shares in the first quarter. Founded in 1976 under Steve Jobs, company's annual revenue had grown to $229 billion which is greater than the GDP's of countries like New Zealand and Portugal. Moreover a 12% surge since its quarterly report last week, the California based company is just 8 percent short of hitting the $1 trillion valuation mark. Meanwhile, Saudi Arabian authorities have said that they expect a planned international public offeri...