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CORT Business Services Furniture Related 100% 2000/01/14 $467 Million ($3,418.94 Million 2017) [3] CTB Inc. Capital Goods 100% 2002 Dairy Queen [24] Food and Beverage 99% 1997/10/21 $585 Million [25] Duracell: Household Products 100% 2016/02/29 [26] $1.8 billion [27] Ebby Halliday Companies Real Estate 100% 2018/06/03 [28] Fechheimer Brothers ...
Its signature property is Geico Insurance, and it also owns brands Duracell, Fruit of the Loom, Dairy Queen, and BNSF Railway that became household names more than half a century ago.
In 1962, Warren Buffett began buying Berkshire Hathaway stock for his investment fund, Buffett Partnership Ltd., at $7.50 per share, anticipating that as the company liquidated textile mills there would come a tender offer when he could sell the shares at a profit. A year later, Buffett's fund owned 7% of the company. [17]
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There he met Lorimer Davidson, GEICO's vice president, and the two discussed the insurance business for hours, and Buffett made his first purchase of GEICO stock. [31] Davidson would eventually become Buffett's lifelong friend and a lasting influence, [ 32 ] and would later recall that he found Buffett to be an "extraordinary man" after only ...
See: Every Stock That Warren Buffett Owns, Ranked In 2021, Buffett’s wealth topped $100 billion, officially earning him the title of centibillionaire. Bloomberg puts him at No. 9 on its list of ...
GEICO is a wholly owned subsidiary of Berkshire Hathaway, which provides coverage for more than 24 million motor vehicles owned by more than 15 million policy holders as of 2017. GEICO writes private passenger automobile insurance in all 50 U.S. states and the District of Columbia. The insurance agency sells policies through local agents ...
Buffett is among the greatest investors ever and built Berkshire from a struggling textile business in the 1960s into the financial powerhouse it is today by redeploying the company’s cash flow ...