Berkshire Hathaway stock hits milestone at $200,000
Buffett, who turns 84 on Aug. 30 and is the world’s third-richest person, oversees a conglomerate with more than 80 businesses ranging from Geico car insurance to the BNSF railroad to Dairy Queen ice cream, and more than $119 billion of stocks such as Wells Fargo & Co. and Coca-Cola Co.
By some measures, Berkshire remains moderately priced, trading at about 1.4 times its book value, a measure of assets minus liabilities, in the most recent quarter.
Berkshire also has lower-cost Class B shares, which Buffett launched in 1996 to thwart unit investment trusts purporting to be “clones” of Berkshire but which carried high costs.
Buffett has since 2006 been donating Berkshire shares to several charities, but still owns about one-fifth of the company and controls about one-third of its voting power.
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