25 Quick Facts About Berkshire Hathaway

  1. Berkshire Hathaway is a holding company for subsidiaries involved in the manufacturing, retail, and service industries.

  2. Berkshire Hathaway’s headquarters are located in Omaha, NE.

  3. Berkshire Hathaway was originally in the textile business and owned more than 15 mills and employed 10,000 textile workers.

  4. Not including its equity holdings, Berkshire is made up of more than 60 distinct subsidiary businesses.

  5. dairy_queen_logo-svgA few of Berkshire Hathaway’s well-known subsidiaries include Fruit of the Loom, GEICO, Dairy Queen, Dunkin Donuts, McLane Company, Oriental Trading Company, BNSF, Duracell, Borsheims Fine Jewelry, See’s Candies, Nebraska Furniture Mart, and Helzberg Diamonds.

  6. In 2015, it was estimated that if Berkshire were to shut down its operations, its total combined assets would be worth almost ten times that of Amazon.

  7. At the end of 2015, Berkshire employed 331,000 people.

  8. In 2014 there were only 24 people working at the Berkshire Hathaway headquarters in Omaha.

  9. The company got its name after the merger of Berkshire Fine Spinning Associates with Hathaway Manufacturing Company in 1955.

  10. Berkshire purchased Precision Castparts Corporation in August 2015 for $31.58 billion. At the time of purchase, it was Berkshire’s biggest deal.

  11. The first company Berkshire purchased was the National Indemnity Company in 1967. It cost Berkshire $8.5 million.

  12. In order to Berkshire Hathaway to even consider a company for acquisition, a business must have at least $75 million in pre-tax earnings, a management team in place, good return on equity, demonstrated consistent earnings, and an offering price.

  13. stock-exchange-911612_960_720Berkshire is the most expensive stock in US investing history and its BRK-A stock broke records after closing at more than $250,000 per share in 2016.

  14. Berkshire has never split its Class A stocks.

  15. Since Buffett took over the company, Berkshire shareholders have collected just one dividend: A $0.10 per share payout in 1967.

  16. Warren Buffett became the chairman in 1965.

  17. In the 44 five-year periods since Buffett took control of Berkshire Hathaway, the company has only underperformed the S&P 500 once, and that was in the five year period ending in 2013.

  18. Chairman Warren Buffett holds more than 98 % of his net worth in Berkshire Hathaway stock

  19. Burlington Northern Santa Fe, a subsidiary of Berkshire Hathaway, was estimated to have carried about 15% of all inter-city freight in the United States in 2013.

  20. Berkshire kept its textile operation running until 1985.

  21. coins-1523383_960_720As of 2016, Berkshire Hathaway was the sixth-largest company in the world, in terms of market capitalization. The company is slightly bigger than ExxonMobil and slightly smaller than Facebook.

  22. Berkshire Hathaway keeps at least $20 billion in cash on its balance sheet at any given time.

  23. Berkshire’s annual shareholder meeting only had 12 attendees in 1981.┬áIn 2013, an estimated 40,000 shareholders made the trip to Omaha for the meeting.

  24. In 2015, Berkshire Hathaway enjoyed revenues of nearly $211 billion, with total profits at around $24 billion.

  25. Cherry Coke is the official drink of Berkshire Hathaway Annual Shareholders meeting. It is also Chairman Warren Buffett’s favorite drink.