Berkshire Hathaway Hits $1 Trillion Market Value

Warren Buffett's Berkshire Hathaway Inc. has made history by becoming the first non-technology company in the U.S. to surpass a market capitalization of $1 trillion. This milestone was achieved just days before Buffett's 94th birthday, with shares rising over 28% in 2024, outpacing the S&P 500's 18% gain. Analysts highlight the significance of this achievement, considering Berkshire's diverse portfolio that includes insurance, railroads, and retail, contrasting with the technology-centric firms that previously reached this level. The company's performance stands out in a landscape increasingly dominated by specialized sectors, with Berkshire's model being viewed as 'archaic' by some. As of the milestone, Buffett's net worth was around $144.9 billion, reinforcing his status as one of the world's wealthiest individuals.