Business | Stocks | Berkshire Hathaway Share Price | Monday, March 14, 2022:
Source: reuters.com Berkshire Hathaway stock price reaches $50ource0,000 March 14, 20223:45 PM GMT-5Last Updated 2 hours ago 3 minutes March 14 (Reuters) - The share price of Warren Buffett's Berkshire Hathaway Inc (BRKa.N) reached $500,000 for the first time on Monday, reflecting the company's status as a defensive stock in a market unsettled by events in Ukraine and rising inflation. Berkshire's Class A shares have risen 10% in 2022, outpacing the Standard & Poor's 500 index (.SPX) , which has fallen 12%. The Omaha, Nebraska-based company's market value is approximately $731 billion, ranking sixth in the United States, and Buffett's 16.2% stake makes him the world's fifth-richest person at $119.2 billion, according to Forbes magazine. Berkshire generated a record $27.46 billion of operating profit last year, including gains at Geico car insurance, the BNSF railroad and Berkshire Hat