Shares of Berkshire Hathaway rose 0.8% on August 28, and the company is up 30% year to date, outpacing the S&P 500’s 17% gain.
The market value of American investment banker Warren Buffett’s investment company Berkshire Hathaway exceeded one trillion dollars for the first time. The company became the first outside the technology sector to surpass this mark. Bloomberg reported this.
It was noted that on August 28, Berkshire Hathaway shares increased by 0.8%, and since the beginning of the year the company has increased in price by 30%, which exceeded the growth of the S&P 500 index, which grew by 17%.
Berkshire’s market value grew at an average annual rate of 20% from 1965 through last year—almost twice the annual return of the S&P 500 over the same period.
As you know, 93-year-old Warren Buffett is ranked sixth in the Forbes global ranking, his fortune is estimated at $146 billion.
We remind you that in 2022, a lunch with the American billionaire investor Buffett was sold in an online auction on eBay for $19 million.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.