Berkshire Hathaway Stock Price Reaches $500,000

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc.'s annual shareholder meeting in Omaha, Neb., on May 4, 2019. Scott Morgan/Reuters

The share price of Warren Buffett’s Berkshire Hathaway Inc. 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 percent in 2022, outpacing the Standard & Poor’s 500 index, which has fallen 12 percent.