This article will bring you to the list of the largest holding companies in the world. Insider Monkey has recently published an interesting article about it giving you some useful information. When it comes to holding companies people generally think of Berkshire Hathaway Inc. (NYSE:BRK.A), that magnificent vehicle of capitalism so masterfully steered by Warren Buffett. Berkshire Hathaway is an investment company that doesn’t manufacture anything on its own but possesses holdings in many businesses through which it earns significant income. But there are also other types of holding companies.
Other holding companies seem to operate like conglomerates, with diverse businesses in which they have more direct involvement than Berkshire Hathaway typically does with its investments. We see this in fields such as media and telecommunications, in which a parent company has various holdings that conduct actual business operations. This practice is also seen in pharmaceutical firms, some of which are actually umbrella organizations with hundreds of smaller companies under their respective purviews.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three of largest holding companies in the world from their list.
The first one can be Verizon Communications Inc. (NYSE:VZ). The company’s operations span wireline, wireless, and internet services, through subsidiaries such as FiOS Internet, Verizon Wireless, and AOL, with Yahoo! Inc. (NASDAQ:YHOO) soon to follow. The company is valued at $200.49 billion. The second company on our list now should be Bank of America Corp (NYSE:BAC). At last, but not least we are mentioning AT&T Inc. (NYSE:T). Like its main rival, the telecom giant actually serves as a conduit for various AT&T-branded phone services in the U.S and Mexico, as well as DIRECTV. AT&T has a $255.31 billion market cap.
For any further useful information, read Insider Monkey’s article about 10 largest holding companies in the world.