Stock markets serve the wider economy by allowing individuals and firms to earn a profit when they invest in the stock market as well as spreading their risks and reaping large dividends. In terms of investment and spending, the stock market plays a vital role in the economy of a country.
With that note, let’s have a look at the most expensive stocks in the world.
Berkshire Hathaway ($445,000)
The number one stock on the list is Warren Buffett’s Berkshire Hathaway (BRK-A), with a stock price near half a million dollars. As a diversified holding company, Berkshire Hathaway Inc. (BRK.A and BRK.B) owns subsidiaries engaged in insurance, freight rail transportation, energy generation, manufacturing and retailing.
Helzberg Diamonds and GEICO Auto Insurance are Berkshire companies under one umbrella. Berkshire is also a shareholder of Apple, Bank of America and Coca-Cola. Investors interested in Berkshire can buy the company’s B shares (BRK.B) for $288.23 per share as of December 10, 2021.
Lindt & Sprüngli ($118,400)
A Swiss chocolatier established in the 1800s, Lindt & Sprüngli is known for its Lindt Gold Bunny, truffles and smooth chocolate-filled chocolates. It has expanded much beyond its European borders.
Among the labels that belong to Lindt & Sprüngl are Russell Stover, Lindt, and Ghirardelli. The company has over 14,000 employees and expects sales of more than $4 billion in 2020. A high of $118,400 was reached on the company’s stock on November 9, 2021, a milestone not too many can boast of.
Next PLC ($8,484)
A British clothing retailer founded in 1981, Next sells over 1000 third-party brands online operating over 500 retail stores in Europe and190 franchised stores in 36 countries.
By December 10, 2021, Next PLC‘s stock price was placed firmly at $8,250, a record high for the company for September 30th, 2021.
NVR ($5,308)
Ryan Homes, NVHomes, and Heartland Homes are some of the names of NVR‘s homebuilding brands. The company builds, sells homes, and provides mortgage financing and title insurance to several states. A high of $5,308.48 was recorded in mid-2021 by NVR.
Seaboard ($4,699)
Seaboard Foods is one of the largest producers of grains and agriculturally derived products in the United States. As of December 10, 2021, the company trades at $3.845.99 per share.
Amazon ($3,773)
The biggest eCommerce company in the US is Amazon, which is based in Seattle and was founded by the world’s richest man - Jeff Bezos. The stock of Amazon (AMZN) had suffered an initial pullback during the bear market of 2020 but was still hitting new highs in July 2021.
Alphabet/Google ($2,670)
Google (GOOG), the technology giant best known for the search engine, whose shares traded at $2,973.50 as of December 10, 2021, near their all-time high. Google makes money from advertising, publishing tools and the Android operating system.
Calumet and Hecla ($1,000)
The company, founded in Houghton County, Mich. in 1906, exceeded all expectations when it produced nearly 100 million pounds of copper. However, in the 1930s, Calumet and Hecla Mining Company closed permanently.
Apple ($702.10)
In 2011, Apple (AAPL) passed Exxon as the world’s largest company. It touched its all-time high in September of 2012 after posting a gain of more than 70 percent in 2012. After reaching its all-time highs, Apple saw a severe pullback. In 2014, the company had a 7-to-1 stock split before its share price recovered fully.
General Motors ($697.00)
As of June 2020, General Motors (GM) had a stock price of under $30, but the company has a long and storied history. According to The New York Times, it was the largest automaker in the world from 1931 to 2008, when Toyota passed it.
