Warren Buffett

Warren Buffett’s Berkshire Hathaway is trading above $200,000 for the first time.

By Andrew Khouri
August 14, 2014

Shares of billionaire Warren Buffett’s Berkshire Hathaway traded above $200,000 for the first time — nearly eight years after topping the $100,000 mark.

Berkshire Class A shares closed up up $3,500, or 1.8%, to $202,850 — a price that could purchase a home across much of the country.

Earlier this month, Buffett’s massive investment and holding company reported net income of $6.4 billion in the second quarter, a 41% rise from the same period a year earlier.

Its Class B shares were trading Thursday at $135.30 per share, up $2.22, or 1.7%.