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Warren Buffett's Berkshire Hathaway shares top $200,000 Warren Buffett's Berkshire Hathaway shares top $200,000
(about 5 hours later)
Shares in Warren Buffett's Berkshire Hathaway have surpassed $200,000 (£120,000) for the first time.Shares in Warren Buffett's Berkshire Hathaway have surpassed $200,000 (£120,000) for the first time.
That values the firm - which has added over 70 companies since Mr Buffett took it over in the 1960s - at an estimated $326bn.That values the firm - which has added over 70 companies since Mr Buffett took it over in the 1960s - at an estimated $326bn.
The company's shares have long been the most expensive stock in the US.The company's shares have long been the most expensive stock in the US.
Mr Buffett has never split the company's class A shares, although there are cheaper class B shares that are priced at $134 per share.Mr Buffett has never split the company's class A shares, although there are cheaper class B shares that are priced at $134 per share.
On Thursday, shares in Mr Buffett's company rose $3,241, or 2%, to end at $202,850.
The price of Berkshire Hathaway's class A shares are more then 60 times the next most expensive stock listed on US exchanges - that of Seabord Corporation, a transportation and agriculture firm.The price of Berkshire Hathaway's class A shares are more then 60 times the next most expensive stock listed on US exchanges - that of Seabord Corporation, a transportation and agriculture firm.
Earlier in August, Berkshire Hathaway reported second-quarter earnings of $6.4bn,Earlier in August, Berkshire Hathaway reported second-quarter earnings of $6.4bn,