Warren Buffett's stock of this company is $5 million
The price of a share of this company of American industrialist reached $5 million
The price of a stock of Berkshire Hathaway Inc., the company of US industrialist Warren Buffett, reached the level of $5 lakh for the first time on Monday.
This rally in the shares of Berkshire Hathaway Company shows that investors are viewing this stock as a defensive stock amid the Ukraine crisis and rising inflation.
Berkshire Hathaway, located in Omaha Nebraska, USA, has a market value of $731 billion. It is the sixth largest company in America by market value.
Full details of Berkshire Hathaway
Let's know the complete information about Warren Buffett's company Berkshire Hathaway Inc.
Berkshire Hathaway Inc. Warren Buffett holds a 16.2 percent stake in the company. The business of this company is spread in many sectors.
Berkshire Hathaway Inc. is a holding company. It has many subsidiary companies which are engaged in different types of business.
Berkshire Hathaway's subsidiaries are active in sectors such as insurance and reinsurance, utility and energy, freight rail transportation, manufacturing and retailing.
Buffett holds 16.2 percent stake in this company. Buffett has become the fifth richest person in the world with a net worth of $119.2 billion due to the company's stock boom.
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