Warren Buffett: The popularity of world’s legendary investor Warren Buffett is increasing. His company Berkshire Hathaway has created history by becoming the world’s first $1 trillion non-tech company. On Wednesday, the company’s market cap crossed this milestone for the first time. The company’s shares rose 0.8 percent, making Berkshire Hathaway a $1 trillion company. Earlier, only technology companies were able to touch this magical figure.
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Berkshire Hathaway shares are up nearly 30 percent this year
Shares of Berkshire Hathaway have given more returns than the S&P 500 this year. The year 2024 has been great for the company. The company’s shares have gone up by about 30 percent this year. This is the company’s best performance in the last decade.
Only companies like Alphabet Inc., Meta Platforms and Nvidia have been able to achieve the one trillion dollar mark before. Shares of Berkshire Hathaway have given the same return as these companies this year.Â
Turned a struggling textile company into a business empire
Warren Buffet has spent his entire life transforming Berkshire Hathaway from a struggling textile company into a business group with a huge business empire. Along with his partner Charlie Munger, he built a business group that is now talked about all over the world.
Charlie Munger died in November last year at the age of 99. The market value of Berkshire Hathaway has been increasing by about 20 percent every year since 1965.
On the basis of this, Warren Buffet once became the richest man in the world. He is still at number 8 in the world. His net worth is estimated to be around $145 billion.
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