Warren Buffett’s Berkshire Hathaway Stock Tops $200,000 a Share

(Los Angeles Times/MCT) -

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.

On Thursday, Berkshire Class A shares rose $3,241, or 1.6 percent, 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 percent rise from the same period a year earlier.

Its Class B shares closed Thursday at $135.30 per share, up $2.22, or 1.7 percent.