The largest insurance company in the world today is Berkshire Hathaway which was founded in 1839 in New Bedford, Massachusetts, United States. It is noted that Warren Buffett has been the CEO of Berkshire Hathaway since 1970 until now, under his leadership this insurance company has become a very financially sound company. Warren Buffett is an investor figure who has inspired many other investors in the world and has been included in the list of the 100 richest people in the world. He was born on August 30, 1930 in the state of Omaha, Nebraska, United States.
With the foresight of a Warren Buffet in choosing which stocks have the potential to be profitable, Warren Buffett not only buys stocks from large companies, but he also buys shares of companies that are said to be bankrupt which he then manages to turn into a company that is profitable. healthy.
The world’s largest insurance company invests in many other industries such as energy, technology, transportation, consumption, manufacturing and others. Berkshire Hathaway is known to have a market capitalization of more than US$ 350.5 billion.
The Facts About the Berkshire Hathaway Company
Warren Buffett bought shares of the Berkshire Hathaway Company when it was about to go bankrupt. Buffett bought shares of the Berkshire Hathaway Company in 1962. The Berkshire Hathaway Company is a veteran company that has been around since 1839. However, at that time the company’s name was not as popular as it is today when Warren Buffett took over the company. After being bought by Warrant Buffet, the Berkshire Hathaway Company became one of the most valuable companies on earth.
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Berkshire Hathaway is a company that owns more than 100 companies as assets through a wholly takeover and or purchase of majority or minority company shares, including, Wal-Mart, Johnson and Johnson, Coca-Cola, General Electric, General Motors, Dairy Queen, IBM, Twenty-First Century Fox, Kraft, Visa and MasterCard.
4 Biggest Investments of Berkshire Hathaway
As the largest insurance company in the world, Berkshire Hathaway should have a variety of investment portfolios. There are at least 4 of the largest investment portfolios owned by Berkshire Hathaway in well-known, very well-known companies including:
1. Investing in Apple Company
Berkshire Hathaway company is known to have about 49.1% of its investment portfolio or the largest investment of this company in Apple companies. The company led by Warren Buffett has billions of shares in the technology company Apple which is very famous for their technology products such as the iPhone, iPad and others. Converted into dollars, Berkshire Hathaway’s total investment in the Apple Company could reach $109.3 billion.
2. Investing in Coca-Cola Company
The Berkshire Hathaway company under the control of Warren Buffett purchased a portion of Coca-Cola’s shares in 1980 and as of September 23, 2020, the shares purchased are now worth an estimated $19.2 billion. Warren Buffet once said that he drinks at least 5 cans of Coca-Cola per day. This can indicate an interest Warren Buffett with the beverage business. It is undeniable that the current Coca-Cola drink is a beverage brand that has been favored by the world community.
3. Investing in American Express Company
The Berkshire Hathaway company under Warren Buffett’s control also invested in the American Express Company. This company is engaged in financial services. Berkshire Hathaway’s investment portfolio in the financial firm stands at 6.5% and has 151.6 billion shares valued at $14.4 billion as of September 23, 2020.
4. Investing in Bank of America Company
The Berkshire Hathaway company under Warren Buffett’s control also has a stake in Bank of America which makes up 10.8% of the company’s portfolio. Through a private offering of $5 billion, Warren Buffett agreed to buy 50,000 preferred shares of Bank of America at a liquidation rate of $100,000 per share. Bank of America Corporation is an American multinational financial services holding company and investment bank headquartered in Charlotte, North Carolina,
