Berkshire Hathaway (BRK-B) became the first US company outside of the tech sector to surpass $1trn in market value.
Shares in Warren Buffet’s company were trending in pre-market trading as it hit $1tn (£756bn) in market value — the first US company outside of the tech sector to reach the milestone.
The $1tn threshold was crossed just two days before the “Oracle of Omaha” Buffet turns 94 years old.
Berkshire Hathaway comprises a $285bn stock portfolio that Buffett has built up over six decades, making him one of the richest people in the world.
In recent months, Berkshire Hathaway has been in selling mode. It cut its stake in Apple (AAPL) by 50% last quarter. On Tuesday, the company disclosed it had sold nearly 25 million Bank of America (BAC) shares worth close to $1bn.
Berkshire’s insurance, energy, manufacturing, retail and service businesses generated $22.8bn of profit in the first half of the year, up 26% from a year…
