Berkshire Hathaway hits $1 trillion milestone
PUBLISHED
2024-08-30
Content
Thursday saw Warren Buffett’s Berkshire Hathaway finally end a trading session with a market value of one trillion dollars.
On Wednesday, the stock had risen to that level but eased in late trading, leaving it just under that figure at around $US994 billion.
Buffett turns 94 today (Friday).
However, on Thursday, the stock rose 1.29%, pushing the value to a closing figure of exactly $US1 trillion. This milestone allows Berkshire Hathaway to join six of the so-called Magnificent Seven tech giants, led by Apple, Microsoft, Nvidia, Alphabet, Amazon, and Meta.
Tesla is also considered a member of the Magnificent Seven, but it lags behind with a value of $US646 billion.
Author
| Name | Glenn Dyer | Glenn Dyer has been a finance journalist and TV producer for more than 40 years. He has worked at Maxwell Newton Publications, Queensland Newspapers, AAP, The Australian Financial Review, The Nine Network and Crikey. |