Berkshire Hathaway is where Warren Buffett, the world's richest man, spreads his risk by investing in a variety of companies, from insurance and building materials to apparel and furniture retailers. Insurance subsidiaries include National Indemnity, GEICO Corporation, and reinsurance giant General Re. The company also owns McLane Company, Dairy Queen, Clayton Homes, and MidAmerican Energy Holdings. In 2006 it bought press release distributor Business Wire, sportswear company Russell, and 80% of ISCAR Metalworking, an Israel-based maker of metal-cutting tools and the first foreign company in which Berkshire has a controlling stake. Buffett owns about a third of Berkshire Hathaway.
Sector: Financial
Industry: Insurance
