Berkshire’s market value exceeds $1 trillion

For the first time outside the technology sector, the market value of the American company Berkshire Hathaway, owned by billionaire Warren Buffett, rose above the $1 trillion mark, at the start of trading on Wednesday.

According to Sky News, Berkshire became the eighth American company and the ninth in the world – after the seven great technology companies and Saudi Aramco – to reach this level.

The Class B shares listed in New York rose by 1.2% to $466.13 at exactly 05:10 pm Mecca time, bringing the market value of Berkshire to $1.005 trillion, after the stock ended Tuesday’s session at its fifth record close in August.

The surge in the company’s value comes just two days before Warren Buffett, nicknamed the “Oracle of Omaha,” turns 94. He is credited with turning Berkshire into a financial empire after taking it over in the 1960s, emerging from a slump and transforming it into a giant with diverse investments in insurance, financial services, railroads, retail and energy. The list of companies currently worth $1 trillion or more includes: Apple, Nvidia, Microsoft, Alphabet, Amazon, Aramco, Meta Platforms and Berkshire Hathaway.