What is the most expensive stock in the world? It belongs to Warren Buffet or his Berkshire Hathaway to be precise. As of this writing, BRK.A is trading at $303,100 apiece on NYSE. The holding company has a wide range of portfolio, from wholly owned companies like Dairy Queen and Netjets to minority holdings in blue chips such as Apple, Coca Cola and Wells Fargo. For the rest, here’s our complete and updated list of the most expensive stocks in the world in 2020:
If you are a safe investor, you are better off putting your income in secure options like term deposits and bonds. But if you have an appetite for risk, consider investing in stocks. Goodfinancialcents.com reveals that at the average annual stock market return is 7%. You can maximize your returns from the stock market by thinking long-term, getting advice from a knowledgeable finance professional, and by avoiding funds that charge high fees.
To give you further guidance, here are useful investing facts and stats gleaned from Fool.com: Invest in an affordable broad-market index fund as it can outperform most of the managed stock mutual funds. In addition, dividends can boost your investing. However, avoid excessive trading and day trading as it can impact your returns. Inflation cuts purchasing power by half. This means over 20 years, the purchasing power of $100,000 becomes just $54,000. Finally, stocks (S&P 500) have risen 1,100-fold over the past 70 years.
In this article, we provide details about 10 blue chip stocks that are currently the most expensive in the world. You will not go wrong by investing in any of them, but ensure to sell your shares at the opportune time to make the most of your investment. Here then are the top 10 most expensive stocks as of 2020.
Alphabet Inc. is the new name of Google after it restructured in August 2015. The company’s Class C shares trade in NASDAQ. Google was founded in 1998 by Sergey Brin and Larry Page. Starting off as a search engine, Google has today branched into the fields of biotechnology, venture capital, telecommunications equipment, health care, and computer software. Alphabet Inc.’s market cap is $751.58 billion and it earned revenue of $110.86 billion in 2017. India-born Sundar Pichai is the CEO of Google, while Larry Page continues to be the CEO of Alphabet Inc.
India-based Madras Rubber Factory (MRF) Limited is a surprise new entry in this list. The company’s stock price has soared in recent times thanks to increased revenue of late. It is India’s largest tire manufacturer and has a 24% market share of the tire industry in the country despite the entry of cheaper Chinese imports.
MRF also has business interests in sports goods, toys, rally sports, and paints. The main reason for the high share price is that just over three million shares are available for trading which means the company’s market cap is relatively low. In addition, MRF hasn’t split its stock which helps to maintain the high price. The company has eight tire manufacturing centers in India and exports to 65 countries.
Markel Corporation is a financial holding company that was founded by Samuel Markel in Virginia in 1930. The company has an interesting origin. In 1920, a new law mandated that all buses and taxis should be insured. Markel was not able to find an insurance company for the purpose, so he founded a mutual insurance company named Mutual Casualty Association. Later, the company name was changed to Markel Corporation and it has its headquarters in Henrico County, Virginia.
Markel Corporation is a Fortune 500 company. It specializes in providing coverage for hard-to-place risks for a range of markets including: yachts, ATVs, and motorcycles, environmental pollution, inland marine coverage for fine art collections, event cancellation insurance for sporting events, concerts, and weddings, reinsurance for high-risk enterprises such as oil rigs, and agricultural and equine risks.
Amazon.com is America’s largest e-commerce company and is based in Seattle, WA. It sells a range of products including electronics, video games, jewelry, toys, furniture, food, software, apparel, and more. The company also makes and sells consumer electronics items like Kindle e-book readers and Fire tablets. Amazon is the also the leading player in the cloud infrastructure services (IaaS) market. The company was founded by Jeff Bezos in 1994. Amazon’s stock price in NASDAQ has risen steadily over the past few years, increasing Bezos’ net worth to about $104 billion, making him the richest person on the planet currently.
Booking Holdings Inc. was formerly known as the Priceline Group. The company’s NASDAQ ticket has also changed to BKNG from PCLN. The name change was done to place importance on the company’s biggest brand – reservation website Booking.com – which has over 1.5 million listed properties. Booking.com had the second largest travel agency brand share last year globally behind Chinese firm Ctrip. It provides travel services in 220 countries through six online brands.
Hotel and vacation rentals offer greater margins than selling flights, as airline commissions have reduced and carriers are trying to get more traffic on their own websites, where they also offer vacation packages and co-branded credit cards. Booking Holdings has beefed up its listing of vacation rentals recently to compete with fast-growing platforms liks Airbnb. The company reported revenue of $12.7 billion in 2017, up 18% from 2016.
This company was founded as Ryan Homes in 1940. It changed its name to NVR Incorporated in 1980. NVR Inc.’s main business is home building and mortgage. They construct and sell buildings and homes under the brand names Heartland Homes, NV Homes, Rymarc, and Ryan Homes. The company has constructed more than 365,000 homes thus far in the US. NVR Inc.’s current CEO is Paul C. Saville. The company reported revenue of $6.30 billion in 2017 and net income of $537 million for the year.
Seaboard Corporation is a Fortune 500 giant with revenue of $5.81 billion in 2017. The company’s main business is pork production and processing as well as ocean transportation. Internationally, Seaboard is also involved in commodity merchandising, grain processing, sugar production, and electrical power generation. The company owns 30 container vessels. Seaboard Corp. employs about 23,000 people and is headquartered in Merriam, Kansas.
Next (LSE: NXT) is a British multinational footwear, clothing, and home products retailer based in Enderby, Leicestershire. It operates around 700 stores, with 500 in the UK and Ireland, and about 200 in continental Europe, the Middle East and Asia. Next is the largest clothing retailer by sales in the UK overtaking Marks & Spencer in 2012.
Next operates three main channels: Next Retail, a chain of 550+ retail branches in the UK and Ireland; Next International, with more than 180 international stores; and Next Directory, a home shopping catalog and website with over three million active customers. Its other ventures include Next Sourcing, for own brand products; and Lipsy, which designs and markets its own branded fashion products for women via online, wholesale, and retail channels. Next Plc reported revenue of £4.1 billion ($5.6 billion) in 2017 and group profit before tax of £790 million ($1.09 billion) for the year.
Lindt & Sprüngli AG, popularly known as Lindt, is a Swiss confectionary and chocolatier company founded in 1845. It is renowned for chocolate bars and truffles, among other sweets. The company began way back in 1836, when David Sprüngli-Schwarz and his son Rudolf Sprüngli-Ammann purchased a small confectionery shop in Zürich. In 1994, Lindt bought the Austrian chocolatier Hofbauer Österreich, in 1997 it acquired the Italian chocolatier Caffarel, and in 1998 the American chocolatier Ghirardelli.
Lindt operates six factories in Europe and the UK. In addition, the Caffarel factory is located in Italy and the Ghirardelli factory in San Leandro, California. Lindt also runs eight chocolate cafés in Australia: four each in Sydney and Melbourne.
Berkshire Hathaway Inc. is indisputably the numero uno in this list of most expensive stocks in the world. Its class A shares traded at $303,100.00 per share on the NYSE at the time of writing this article. Berkshire Hathaway is a multinational conglomerate that wholly owns the companies FlightSafety International, NetJets, Fruit of the Loom, GEICO, Helzberg Diamonds, Lubrizol, Dairy Queen, and BNSF. The company has significant minority holdings in blue chip companies such as Apple, American Express Coca-Cola, and Wells Fargo. Berkshire Hathaway’s CEO Warren Buffett is known as the “Oracle of Omaha” for his shrewd investing acumen. His 2017 net worth of $85 billion makes him the third richest person in the world.
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