Warren Buffett’s Conglomerate Achieves Historic Milestone Ahead of His 94th Birthday
On August 28, 2024, Warren Buffett’s Berkshire Hathaway made headlines by surpassing a market capitalization of $1 trillion, marking it as the first non-technology company in the United States to reach this significant financial milestone. This achievement comes just two days before Buffett’s 94th birthday, highlighting the sustained investor confidence in the conglomerate he has built over nearly six decades
Berkshire Hathaway’s stock
Berkshire Hathaway’s stock has seen a remarkable increase of over 27% in 2024, closely aligning with the performance of the S&P 500. The company’s diverse portfolio includes well-known entities such as Geico, BNSF Railway, and Dairy Queen, alongside substantial investments in tech giants like Apple, despite Buffett recently divesting more than half of his Apple shares. This strategic move has bolstered Berkshire’s cash reserves to approximately $277 billion by the end of Jun