Buffett's investment company has reached over a trillion dollars in assets

Berkshire Hathaway, Warren Buffett's investment company, reached over a trillion dollars in assets for the first time in history. The figure is more than double the size of Amazon's asset base, triple that of Apple and larger than the assets of Microsoft, Meta (formerly Facebook) and Alphabet (parent company of Google) combined, writes Business Insider.

According to its second-quarter report, Berkshire Hathaway had $1.04 trillion in assets at the end of June. The amount included the stock portfolio, which was worth $353 billion at the end of the quarter, including a $178 billion stake in Apple, the source said.

Also, the assets of the famous investor's company included cash and treasury bills of 147 billion dollars. In addition, it included Buffett's conglomerate's equity-method investments in companies such as Kraft Heinz, Pilot and Occidental Petroleum, plus equipment, inventory, accounts receivable and more, according to Business Insider.

Berkshire Hathaway owns stakes in dozens of businesses in dozens of industries, including insurance, energy, railroads, real estate, manufacturing, manufacturing, services and retail. Given the large size of the conglomerate and the focus on the "real economy" instead of so-called "asset-light technologies" (business models where companies have relatively few assets compared to their operations) it makes sense that its balance sheet to contain more assets than any of the Big Tech companies.

According to Business Insider, Apple had $335 million in assets at the end of the second quarter, including $167 billion in cash, marketable securities and other liquid assets. Amazon had $463 billion in assets, while Microsoft, Alphabet and Meta reported assets between $200 billion and $400 billion each. Tesla, which has a similar market capitalization to Berkshire, had just $91 billion in assets at the end of June. Nvidia, whose market capitalization is nearly $1.2 trillion, $768 billion more than Berkshire, had just $44 billion in assets.

Still, Berkshire holds far fewer assets than Wall Street's biggest banks. For example, JPMorgan reported $3.9 trillion in assets last quarter, including $469 billion in deposits and $1.3 trillion in loans.

Even so, crossing the $1 trillion mark in assets is a big achievement for Berkshire, which had about $30 million in assets in 1964, the year before Buffett took over, according to Business Insider .