When it comes to the most profitable company in the United States, most people will first think of Apple for a long time , Apple’s ability to attract money is obvious to all.
However, in a recently announced”Top 500 U.S. Top 50 Most Profitable Companies in 2020″ list, Apple lost to Berkshire—the hand of Hathaway.
America’s most profitable company is born
Recently,”Fortune” magazine released a list of the top 500 US companies in 2020. This list is based on the revenue of major US companies in 2019. And Walmart once again ranked first in the Fortune 500 with total revenue of US$523.964 billion (approximately RMB 3.7 trillion).
In addition,”Fortune” magazine also released a ranking of the 50 most profitable companies in the United States. The top five are Berkshire-Hathaway, Apple, Microsoft, JP Morgan Chase and Alphabet.
It’s worth mentioning that for many years, Apple has always ranked first in the”50 Most Profitable Companies in America”, but due to the decline in mobile phone sales, profits fell by 7%to 55.256 billion U.S. dollars (approximately 392.3 billion yuan), fell from the top of the list to second for the first time.
And Berkshire-Hathaway relies on US$814.17, which is equivalent to RMB 5664 The annual profit of 100 million yuan ranks first, and the ability to attract gold exceeds Apple! Become the most profitable company in America.
What is the concept of RMB 566.4 billion? In other words, Berkshire—Hathaway, earns 47.2 billion yuan a month, with an average daily net profit of 1.5 billion yuan. It’s amazing.
Behind the founder of the stock god Buffett
Public information shows:Berkshire Hathaway Corporation was founded in 1956 and is headquartered in Omaha, Nebraska. After more than 60 years of development, it has become a large-scale integrated group company covering five major sectors:insurance, securities investment, railway and energy, manufacturing, service and retail.
Of course, when it comes to Berkshire Hathaway, then we have to mention its founder, Warren Buffett. Buffett’s life is a legend in the investment world.
According to public information:Buffett was born in 1930. When he was 11 years old, when most of his peers were still in elementary school, he bought the first stock of his life. Since then, the journey in the sea of shares has begun.
In 1950, Buffett entered the Columbia Business School to study. Therefore, he learned from Benjamin Graham. Here, he received systematic training to become a first-class professional investor, mastered the concept of”Godfather of Wall Street” and successfully implemented it in the market.
In 1956, Buffett founded Berkshire—Hathaway, and at the time Berkshire·Hathaway is just a textile factory on the verge of closing down in the United States. Under the leadership of Buffett, Transformed into a giant in the investment and insurance industry.
Berkshire Hathaway, although it is a company mainly engaged in investment and insurance, but in fact, it controls a large number of Industry. For example, the world’s largest retailer Wal-Mart company, Berkshire·Hathaway owns 1.1%of the equity, the well-known beverage giant Coca-Cola Company, Berkshire·Hathaway owns 8.8%equity
In addition, large companies such as IBM, Kraft Foods, American Express, Munich Re, Bank of America, etc.,Berkshire·Hathaway has more than 5 points of equity. In the Chinese market, Berkshire·Hathaway owns about 9.9%of the well-known automobile manufacturer BYD Equity. It can be seen that behind the Berkshire·Hathaway investment business is actually an industrial giant .
It is worth mentioning that Berkshire—Hathaway’s turnover last year Reached as high as $254.616 billion. In 1964, this figure was still 22.887 million US dollars, which shows its rapid development.
Because of his many peculiar experiences in the stock market and his keen investment vision, Buffett became known as a”stock god” and became a contemporary legend. In the real-time list of the Forbes rich list, Buffett has become the world’s fifth richest man with a wealth of US$71.1 billion, equivalent to US$49935 billion, and his performance is impressive. Buffett’s investment vision is really impressive.