Berkshire Hathaway is an American multinational conglomerate holding company with headquarters in Omaha, Nebraska. Originally a textile manufacturer founded in 1839, the company transitioned into a conglomerate in 1965. The company has a diverse range of businesses, including insurance, freight rail transportation, and utility businesses. It provides property, casualty, life, accident, and health insurance and reinsurance. Berkshire Hathaway operates railroad systems in North America and generates, transmits, stores, and distributes electricity from various sources.
In January 2026, Greg Abel succeeded Warren Buffett as CEO. Warren Buffett, who served as chairman and CEO from 1970 to 2025, remains the chairman of the company. Berkshire Hathaway is one of the largest companies in the world by market capitalization, with a market cap of over $1.074 trillion as of February 2026. Recent news indicates that Greg Abel is planning to reshape the company's portfolio, including potentially selling its stake in Kraft Heinz. The company owns various well-known businesses such as GEICO, Dairy Queen, and Fruit of the Loom. It also holds minority stakes in public companies like Apple, American Express, and Coca-Cola.