Berkshire Hathaway

Berkshire Hathaway is a prominent holding company based in Omaha, Nebraska, recognized as one of the largest and most successful in the world. Originally founded in 1839 as a textile mill, the company underwent a significant transformation under the leadership of renowned investor Warren Buffett, who acquired it with the intent of restructuring and diversifying its investments. Buffett shifted the company's focus primarily towards the insurance sector, acquiring companies like Geico, and utilized the profits to invest in a variety of sectors, including major firms such as Coca-Cola, Apple Inc., and Delta Airlines.

Berkshire Hathaway's core business is insurance, including property and casualty insurance, reinsurance and specialty nonstandard insurance. The most important of these are insurance businesses conducted on both a primary basis and a reinsurance basis, a freight rail transportation business and a group of utility and energy generation and distribution businesses. Berkshire Hathaway annual employee count was 387,800 in 2026. Berkshire Hathaway annual revenue was $371.44 B in 2025 with annual net income of $66.97 B in 2025.

Recent leadership news

Buffett officially stepped down as Berkshire's CEO on Jan. 1, 2026. He remains chairman of the board. Berkshire Hathaway hosted its 2026 annual meeting — its first since Warren Buffett passed the baton as CEO to Greg Abel at the start of the year. Berkshire reversed a pattern of selling stocks, becoming a net buyer of equities in the second quarter with nearly $20 billion in net purchases. The conglomerate had been a net seller of stocks for 14 consecutive quarters before the latest period.