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Warren Buffett and Berkshire Hathaway’s Subsidiaries

In 1965 Warren Buffett’s partnership, then known as the Buffett Partnership, took control of a textile company named Berkshire Hathaway. The company was destined to go out of business, but at the time was selling for below the company’s working capital; a classic cigar butt.

Rather than continue to build the textile company into a profitable business (an almost impossible task) Warren Buffett decided to start buying equities, and eventually entire businesses, through Berkshire Hathaway and start to build what would become one of the largest corporations on earth. 

Today, 55 years later, Berkshire Hathaway is widely known as a worldwide conglomerate with dozens of companies, billions in equities, and a CEO approaching his 90th year on earth. While it would prove daunting to summarize each of Berkshire’s 60+ subsidiaries in one article, it may help anyone interested in Berkshire Hathaway to understand their largest subsidiaries as well as their largest equity holdings.

Berkshire, like many other companies, categorizes their areas of operations into distinct segments within their annual report and groups their subsidiaries into the following categories:

👇 Jump to the full list of companies owned by Berkshire Hathaway broken down by sector and number of employees.


Berkshire Hathaway’s insurance operations brought in total revenue of $75 billion, representing 27% of their total revenues, in 2021. Holdings include GEICO, Berkshire Hathaway Primary Group, and Berkshire Hathaway Reinsurance Group. 


Warren Buffett in front of Geico logo

GEICO, which stands for Government Employees Insurance Company, insures automobiles, motorcycles, all-terrain vehicles, recreational vehicles, as well as homeowners, renters, and life and identity management. GEICO was purchased by Berkshire Hathaway in 1996 and is currently the second-largest auto insurer, after State Farm. 

Berkshire Hathaway Primary Group

The Berkshire Hathaway Primary Group consists of multiple different insurance operations which collectively offer commercial motor vehicle insurance, workers compensation, commercial property, healthcare liability, business owners’ insurance, as well as a number of other insurance offerings. 

Berkshire Hathaway Reinsurance Group

Berkshire Hathaway Reinsurance Group consists of a range of different reinsurance offerings to both insurance companies as well as other reinsurance groups. Their reinsurance offerings include coverages on property-casualty and life and health, most of which is written through Berkshire’s subsidiaries National Indemnity and General Re. 


Burlington Northern Santa Fe

Burlington Northern Santa Fe

Ten years ago, Berkshire Hathaway acquired Burlington Northern Santa Fe for $34 billion. In 2020 the company had 40,750 employees, and over $5.4 billion in net earnings. In 2021 the railroad brought in $23.3 billion in revenue, equaling 8% of Berkshire’s total revenue.

Utilities and Energy

Berkshire Hathaway Energy

In the late 1990s Berkshire acquired 90.9% of Mid-American Energy, now called Berkshire Hathaway Energy, with Greg Abel and Walter Scott owning the rest. In 2021 Berkshire’s utilities and energy businesses brought in a total of $25 billion in revenues, 9% of Berkshire’s total revenue. 

Today, Berkshire Hathaway Energy is composed of numerous different operations including PacifiCorp, NV Energy, Norther Power grid, and others, including their recently announced purchase of Dominion Energy’s assets.

Manufacturing Businesses

Berkshire Hathaway has a number of different manufacturing companies which together brought in revenue of $68.7 billion in 2021, or 25% of total revenue. Berkshire’s manufacturing businesses are categorized between industrial products, building products, and consumer products.

Precision Castparts

Precision Castparts Corp

Precision Castparts, which was acquired by Berkshire in 2016, produces high-quality metal components that go into complex machinery such as aerospace equipment and power and energy applications. 

Lubrizol Corporation

The Lubrizol corporation was acquired by Berkshire in 2011 and is currently one of the largest manufacturers of specialty chemicals such as additives used for engines and drivelines as well as chemicals used for home care, performance coatings, and skincare. 

International Metalworking Companies (IAC)

IMC, otherwise known as ISCAR, was acquired in 2006 and is one of a few large manufacturers of metal cutting tools that are used in a variety of different applications and markets. 

Marmon Holdings

Berkshire paid $4.5 billion in 2008 to purchase Marmon Holdings, which operates in a wide range of different segments including foodservice technologies, water technologies, retail solutions, metal services, plumbing, refrigeration, and more. 

Berkshire’s other industrial holdings include CTB International Corp, LiquidPower specialty Products, and a number of other, smaller corporations not laid out in their annual report. 

Building Products

Separate from their industrial operations, Berkshire also owns a variety of building operations which they have acquired over the past few decades. 

Clayton Homes

Clayton Homes provides both traditional on-site homes as well as manufactured homes through different regions of the United States. In 2019 alone Clayton Homes delivered a total of 44,600 off-site homes and in addition, built 7,369 site-built homes. 

Shaw Industries

Shaw Industries is one of the largest carpet manufacturers in the country and currently designs and manufactures over 3,700 styles of carpet and wood flooring. Shaw’s revenues are earned by selling carpet to retailers and distributors all across the country. In 2019 Shaw delivered carpet and flooring to over 40,000 retailers and distributors. 

Johns Manville

Johns Manville

Johns Manville was acquired by Berkshire in 2001 for just under $2 billion and offers a range of different building solutions including insulation, roofing, fiber, and nonwovens to markets such as aerospace, automotive, appliance, filtration, and more. 

MiTek Industries

MiTek Industries supplies the residential sector with engineered connectors, construction hardware, and computer manufacturing machinery. In addition, they supply commercial businesses in construction products and services such as curtain wall systems, masonry, and light gauge steel framing products. 

Benjamin Moore

Benjamin Moore manufactures and retails architectural coatings including paints, stains, and clear finishes. Benjamin Moore products are available at over 3,000 independent retailers. 

Acme Brick

Acme Brick is a manufacturer and distributor of clay bricks and concrete blocks operating primarily in the south-central and southeastern United States. 

Consumer Products

Berkshire Hathaway owns a number of consumer products companies in a range of different areas such as apparel, shoes, recreational vehicles, and batteries. 

Berkshire’s apparel segment consists of Fruit of the Loom, Garan (the maker of Garanimals), and the BH Shoe Holdings Group which owns and operates a large number of separate footwear companies. 

Apart from apparel, Berkshire owns many other consumer products companies including Forest River, a maker of recreational vehicles; Duracell, the worldwide maker of alkaline batteries; Albecca Inc., which distributes high-end frames; and the Richline Group, a manufacturer and distributor of precious and non-precious metals. 

Service and Retailing

Berkshire Hathaway’s service and retailing businesses brought in 13% of all their revenue in 2021. 

McLane Company

Berkshire’s Mclane company offers wholesale distribution services to some of the most widely known companies in the country such as Walmart, 7-eleven, and Yum brands which collectively make up 43% of Mclane’s total revenue. 

FlightSafety International

FlightSafety International

FlightSafety provides high-tech training to pilots and aircraft maintenance technicians using advanced flight simulator technology. In addition, Flight Safety designs and manufactures flight simulators for their own use as well as to sell to airlines and military organizations. 


NetJets operates as a shared ownership program for customers wanting the scale, flexibility, and access to a large fleet of aircraft. Customers acquire a specific percentage of the aircraft allowing them to use it for a set number of hours per year. 


TTI is a worldwide distributor of small electronic components, usually ordered in bulk, that are used in a variety of different applications including electronic manufacturing services, design and systems engineers, as well as military and commercial customers. 

Other Services

Warren Buffett Dairy Queen

Included in Berkshire’s services and retailing segment are a group of their smaller operations including XTRA, Dairy Queen, BusinessWire, CORT Business Services, Buffalo News, and BH Media Group. 


Berkshire Hathaway Automotive

Berkshire Hathaway Automotive

Their largest retailing business is their Berkshire Hathaway Automotive operation which as of 2019 had 82 dealerships located throughout the United States, particularly in Arizona and Texas. 

Home Furnishings Retailing

Berkshire Hathaway’s second-largest retailing segment consists of their home furnishing stores. These include Nebraska Furniture Mart, Willey Home Furnishings, Star Furniture Company, and Jordan’s Furniture. Their most notable retailing business, Nebraska Furniture Mart, operates four retail stores with a total of 4.5 million square feet of retail, warehouse, and administrative facilities. 

Other Retailing

See’s Candies

Berkshire’s other retailing operations consist of a range of other businesses which include Borsheim Jewelry, Helzberg’s Diamond Inc., Ben Bridge Jeweler, See’s Candies, The Pampered Chef, Oriental Trading Company, and Detlev Louis Motorrad. 

What Companies Does Berkshire Hathaway Own?

As of the end of 2021 Berkshire Hathaway wholly owned and operated 70 companies in total. Here’s a complete list of all companies owned by Berkshire Hathaway:

2Berkshire Hathaway Reinsurance Group538
3General Re2,014
4Berkshire Hathaway Homestate Companies1,149
5Berkshire Hathaway Specialty1,214
6Berkshire Hathaway GUARD Insurance Companies1,270
7MedPro Group Inc1,108
8MLMIC Insurance Companies238
9National Indemnity Primary Group862
10United States Liability Insurance Companies1,055
11Central States Indemnity27
Railroad, utilities and energyEmployees
13 BNSF Railway35,125
14 BNSF Logistics550
15Berkshire Hathaway Energy Company:
16 Corporate Office32
17 PacifiCorp4,783
18 MidAmerican Energy3,427
19 NV Energy2,273
20 Northern Powergrid2,527
21 BHE Pipeline Group2,692
22 BHE Transmission726
23 BHE Renewables345
24 MidAmerican Energy Services75
25 HomeServices of America6,757
27Benjamin Moore2,042
28Brooks Sports1,117
29Clayton Homes20,830
33Forest River13,457
34Fruit of the Loom32,591
36H. H. Brown Shoe Group1,163
37IMC International Metalworking Companies13,016
38Johns Manville7,748
40LiquidPower Specialty Products, Inc433
43MiTek Inc5,510
44Precision Castparts19,804
45Richline Group2,386
46Scott Fetzer Companies1,823
47Shaw Industries21,482
Service and retailingEmployees
48Affordable Housing Partners, Inc27
49Ben Bridge Jeweler696
50Berkshire Hathaway Automotive9,530
52Business Wire415
53Charter Brokerage172
55Dairy Queen493
56Detlev Louis1,403
58Helzberg Diamonds1,657
59Jordan’s Furniture1,040
60McLane Company26,204
61Nebraska Furniture Mart4,407
63Oriental Trading1,278
64Pampered Chef348
65R.C. Willey Home Furnishings2,591
66See’s Candies2,546
67Star Furniture426
68TTI, Inc.8,043
69WPLG, Inc.210

*Marmon Holding, Inc. (“Marmon”) is a holding company that conducts operations through more than 100 manufacturing and service businesses organized into 11 business groups.


In total Berkshire Hathaway subsidiaries brought in total revenue of $354.6 billion and net earnings of $27.5 billion in 2021, making it the fourth-largest company on the Fortune 500 list. Berkshire currently holds over $100 billion in cash and cash equivalents waiting to be deployed into another monstrous subsidiary. 

While the growth of the organization has slowed in recent years, something that was bound to happen, very few companies can match the strength and competitive advantage of Berkshire Hathaway. 

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