FinTech Magazine November 2024 | Page 65

BERKSHIRE HATHAWAY
TOP 10 – FINSERV FIRMS

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CLICK TO WATCH : Buffett ’ s Berkshire Hathaway tops $ 1 trillion market value

BERKSHIRE HATHAWAY

CEO : WARREN BUFFETT REVENUE : US $ 364.482BN ( 2023 ) HEADQUARTERS : OMAHA , NEBRASKA , USA EMPLOYEES : 396,500 FOUNDED : 1839
Berkshire Hathaway , under the leadership of legendary investor Warren Buffett , is a diversified conglomerate with significant interests in insurance and financial services . The company ’ s insurance operations include GEICO , National Indemnity Company , and Gen Re , offering a wide range of property and casualty , life and reinsurance products . Berkshire ’ s financial services arm encompasses businesses like Berkshire Hathaway Specialty Insurance and HomeServices of America .
The firm holds substantial stakes in major financial institutions , including Bank of America and American Express . Berkshire ’ s investment portfolio is renowned for its longterm value investing approach , focusing on companies with strong fundamentals and competitive advantages . The conglomerate ’ s success is attributed to Buffett ’ s investment acumen and the autonomy granted to subsidiary managers .
Berkshire ’ s annual shareholder meetings , dubbed ‘ Woodstock for Capitalists ’, attract thousands of investors seeking Buffett ’ s financial wisdom . The company ’ s unique culture , decentralised management structure and focus on long-term value creation have made it a model for investors and businesses worldwide . Berkshire ’ s financial strength and diverse portfolio have allowed it to weather economic downturns and capitalise on opportunities during market dislocations .
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