Warren Buffett’s Berkshire Hathaway made history by becoming the first non-tech U.S. company to reach a $1 trillion in market value. The milestone happened two days before the Oracle of Omaha turns 94.
The company’s shares rose more than 1% Wednesday, Aug. 28, pushing its market capitalization above the $1 trillion mark for the first time.
Analysts said 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 surged more than 28% in 2024, an increase of more than $200 billion, 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, Buffett’s personal wealth grew substantially. His fortune saw a significant boost, with his net worth increasing by $25 billion this year alone. Buffet is now eighth on the Bloomberg Billionaires Index with a net worth of $145 billion.
