Berkshire Hathaway has made many millionaires under Warren Buffett's leadership

From Nasdaq: 2024-12-27 05:45:00

Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has made many millionaires since Warren Buffett took control in 1965. A $10,000 investment then would be worth $381.9 million now. It owns brands like GEICO, BNSF Railway, and has a $300 billion investment portfolio with stakes in Apple, American Express, and more.

Berkshire’s net income grew at a 20% CAGR from $2 million in 1965 to $96.2 billion in 2023. Its total operating earnings grew 26% in 2021, 12% in 2022, and 21% in 2023. The company’s cash, cash equivalents, and short-term Treasury holdings reached a record $325.2 billion in 2024.

Berkshire’s future success hinges on new leadership as Warren Buffett retires. Greg Abel, Berkshire Energy CEO, will take over. If future leaders maintain Buffett’s strategy, Berkshire’s market cap could nearly double to $1.94 trillion by 2034, with a 10% CAGR in operating earnings.

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