Berkshire Hathaway
Rank: 30
Profits ($millions): $13,213
Change from 2006: 20%
Ticker: BRK.B
In a year of outsized gains, Berkshire Hathaway's profits peaked at $13.21 billion in 2007, driven by the insurance sector.
However, predicting a fall of insurance-industry profit margins in 2008, Warren Buffett is shifting focus to his non-insurance investments, eyeing some high-ticket acquisitions in manufacturing and services. The company bought a 60% majority stake in Marmon Holdings, an industrial group owned by one of America's richest families, for $4.5 billion.
NEXT: Petrobras
Last updated July 09 2008: 8:24 AM ET
RSS
