Berkshire Hathaway is a conglomerate of multiple segments including car insurance provider GEICO , Berkshire Hathaway Reinsurance Group , railroad operator Burlington Northern Santa Fe , LLC , property and casualty insurance company Berkshire Primary Group , electrical and gas utility provider Berkshire Hathaway Energy , wholesale non-food

grocery product distributor McLane Company , as well as manufacturing , service and retailing , and finance and financial segments . Founded by Oliver Chace in 1839 , the company used to rely on Warren Buffet ’ s investment skills to turn a profit – nowadays , it is less reliant on Buffet and turns a greater profit due to its multiple holdings , according to Fortune . Forbes places its revenue at $ 222.9bn , with a market cap of $ 409.9bn . CNN reports , however , that in 2016 both Facebook and Amazon surpassed Berkshire Hathaway in market value for the first time ever .

74 April 2018