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Warren Edward Buffett is an American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over US$85.6 billion as of December 2020, making him the world's fourth-wealthiest person.
Berkshire Hathaway is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, Forest River and NetJets, and also owns 38.6% of Pilot Flying J; and significant minority holdings in public companies Kraft Heinz Company (26.7%), American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Company (9.32%), Bank of America (11.5%), Apple (5.4%) and Barrick Gold. Beginning in 2016, the company acquired large holdings in the major US airline carriers, namely United Airlines, Delta Air Lines, Southwest Airlines and American Airlines but sold all of its airline holdings early in 2020. Berkshire Hathaway has averaged an annual growth in book value of 19.0% to its shareholders since 1965, while employing large amounts of capital, and minimal debt.
Fruit of the Loom is an American company that manufactures clothing, particularly casual wear and underwear. The company's world headquarters is in Bowling Green, Kentucky. Since 2002 it has been a subsidiary of Berkshire Hathaway.
Wesco Financial Corporation was a diversified financial corporation headquartered in Pasadena, California.
Central States Indemnity Company (CSI) is an insurance company based in Omaha, Nebraska. It is a subsidiary of Berkshire Hathaway.
Borsheim's Fine Jewelry is a jewelry store in Omaha, Nebraska. The store was founded in 1870, and has been a subsidiary of Berkshire Hathaway since 1989.
The Omaha World-Herald is a daily newspaper in the midwestern United States, the primary newspaper of the Omaha-Council Bluffs metropolitan area. Based in Omaha, for decades it circulated daily throughout Nebraska and Iowa, as well as parts of Kansas, South Dakota, Missouri, Colorado, and Wyoming. In 2008, distribution was reduced to the eastern third of Nebraska and western Iowa. In 2011, Omaha native Warren Buffett purchased the paper via his holdings company Berkshire Hathaway. In 2020, BH Media Group and the World-Herald were purchased by Lee Enterprises.
Lee Enterprises is a publicly traded American media company. It publishes 75 daily newspapers in 26 states, and more than 350 weekly, classified, and specialty publications. Lee Enterprises was founded in 1890 by Alfred Wilson Lee and is based in Davenport, Iowa.
Berkshire Hathaway Energy is a holding company that is 90% owned by Berkshire Hathaway. Berkshire has owned a controlling stake since 1999. The company also controls power distribution companies in the United Kingdom and Canada.
Mitsui & Co., Ltd. is one of the largest sogo shosha in Japan; it is part of the Mitsui Group, and Its business area covers energy, machinery, chemicals, food, textile, logistics, finance, and more.
The economy of Omaha, Nebraska has served as a major commercial hub in the Midwestern United States since its founding in 1854. Dubbed the "Motor Mouth City" by The New York Times, Omaha is widely regarded as the telecommunications capital of the United States. The city's economy includes agriculture, food processing, insurance, transportation, healthcare and education. Warren Buffett of Berkshire Hathaway has lived in Omaha all of his life, as have the ConAgra Foods, Union Pacific Railroad and Mutual of Omaha Companies, and Kiewit Corporation, all Fortune 500 corporations.
Clayton Homes is the largest builder of manufactured housing and modular homes in the United States. Clayton Homes is owned by Warren Buffett's Berkshire Hathaway.
Oriental Trading Company is a direct merchant of value-priced party supplies, arts and crafts, toys and novelties and school supplies. It was founded in 1932 as one of the United States' first wholesaling companies. Oriental Trading has been recognized as one of the top 100 Internet retailers and one of the top 50 catalog companies. It is based in Omaha, Nebraska, and is owned by Berkshire Hathaway. Alternative known names for Oriental Trading Company include "Oriental Trading" & "OTC".
The Omaha Sun was a weekly newspaper that published from December 27, 1951 to August 31, 1983. It was formerly owned by Berkshire Hathaway, a company headed by investor Warren Buffett.
David L. Sokol is an American business executive. He served as chairman, president and CEO of NetJets as well as chairman of MidAmerican Energy Holdings Company, of which Berkshire Hathaway holds a 100% and 89.8% stake respectively. He resigned March 28, 2011.
Berkshire Hathaway GUARD Insurance Companies currently insure over 250,000 businesses in the US.
The Scott Fetzer Company, a subsidiary of Berkshire Hathaway, is an American diversified manufacturer and marketer of products for the home, family, and industry comprising 33 brands, headquartered in Westlake, Ohio.
The Star-Herald, or the Scottsbluff Star-Herald, is a newspaper serving the city of Scottsbluff and surrounding areas in Nebraska, United States. The paper is published daily, except Mondays.
References
- ↑ Gelles, David (2015-02-28). "After 50 Years, Oracle of Omaha Looks Back on Less Prescient Moves". The New York Times. ISSN 0362-4331 . Retrieved 2015-03-01.
- ↑ "Warren Buffett takes 5% stake in 5 Japanese trading companies". Nikkei Asian Review. 2020-08-31. Retrieved 2020-08-31.
