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Fortune 500 - #11

by Christopher Tkaczyk and David Goldman
Monday, April 21, 2008
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Courtesy: Fruit of the Loom, The Pampered Chef
11_BerkshireHathaway.jpg

Berkshire Hathaway
Last Year's Ranking: 12
Revenue ($ millions): 118,245.00
Profit ($ millions): 13,213.00

Billionaire investor Warren Buffett’s stable of more than 70 companies had a highly profitable year, posting returns double that of the benchmark S&P 500. Two of Buffett’s biggest 2007 acquisitions: a $5 billion stake in Burlington Northern and a $1.6 billion piece of Sanofi-Aventis. Still, in his annual letter to shareholders, Buffett declared that the "party is over" in the insurance business, and told shareholders to expect profit margins to "fall significantly in 2008."

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