The Wall Street valuation of Warren Buffett's Berkshire Hathaway reaches $1 trillion

On Wednesday, Berkshire Hathaway's market value exceeded $1 trillion, indicating the trust of investors in the company that Warren Buffett spent nearly six decades building.

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Berkshire joined six other firms, mostly in the technology sector, with market caps over $1 trillion: Apple, Microsoft, Nvidia, Amazon.com, Facebook parent Meta Platforms, Google parent Alphabet, and Google.e 1

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In the first half of the year, Berkshire's numerous insurance, energy, manufacturing, retail, and service companies made $22.8 billion in profit, a 26% increase over the same period the previous year.

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Buffett has been in charge of Berkshire since 1965 and will turn 94 on August 30.

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The increase in Berkshire's cash and equivalents holdings to $276.9 billion as of June 30th, primarily in US Treasury bills, can be attributed in large part to stock sales.

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Since Buffett took over, Berkshire's shares had increased in value by more than 5,600,000%, reaching a $1 trillion valuation.

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