9 Facts About Berkshire Hathaway

1. In 1985, Berkshire Hathaway ceased all textile manufacturing and became a holding company.

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2. In 2017, Berkshire Hathaway had a market capitalization of close to $488 billion, one of the top five largest publicly traded companies worldwide.

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3. At the time, Berkshire Hathaway was merely a textile manufacturing company.

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4. In the 2017 annual report Berkshire Hathaway disclosed its total position by December 31, 2017 to be 166 million shares.

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5. On March 25, 2011, Berkshire Hathaway made its first foray into the Indian insurance sector with its non-direct subsidiary BerkshireInsurance.

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6. In 1977, Berkshire Hathaway purchased the Buffalo Evening News and resumed publication of a Sunday edition of the paper that ceased in 1914.

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7. In August 2000, Berkshire Hathaway entered the building products business with the acquisition of Acme Building Brands.

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8. As of 2018, Berkshire Hathaway is ranked third on the Fortune 500 rankings of the largest United States corporations by total revenue.

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9. On September 12, 2011, Berkshire Hathaway announced that 50-year-old Ted Weschler, founder of Peninsula Capital Advisors, will join Berkshire in early 2012 as a second investment manager.

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