Shares in Buffett’s Berkshire Hathaway pass $200k
Shares in Warren Buffett’s firm Berkshire Hathaway have reached a new high of $200,000 each.
The price of stock in the veteran investor’s business has climbed steadily since he founded it in the early 1990s. This is the first time the price has crossed the $200,000 threshold, giving the firm a market cap of $328bn.
Buffett, 83, has never split the firm’s A class shares, although he did create more affordable B class shares in 1996. The share price is the highest in the US stock market, and 60 times more than the next most expensive stock on the US exchanges.
Funds with large Berkshire Hathaway holdings include Baillie Gifford’s American fund, Janus Perkins US Strategic Value, and Legg Mason ClearBridge US Appreciation.