Berkshire Hathaway

The corporations on our annual list of the world's 500 largest companies combined to generate $41.7 trillion in revenue over the past year.

Fortune Global 500

Almost $20 trillion in revenue—and a record-breaking $1.87 trillion in profits. Introducing the 2025 Fortune 500, the definitive list of the biggest companies in America.

Fortune 500

Leaders in all industries rely more than ever on Big Tech—and appreciate the giants that deliver, at scale, without drama.

World's Most Admired Companies

The corporations on our annual list posted aggregate revenues of $41 trillion for the second year in a row.

Industries included in the sector are banks, insurance, and real estate companies.

Fortune Sector Leaders: Financials

The Fortune 500, in its 70th year in 2024, ranks the biggest U.S. companies by revenue.

The 26th edition of the list shows how much esteem Big Tech giants command among other business leaders.

WMA 2024-Berkshire Hathaway

The 25th Fortune World’s Most Admired Companies list suggests that tech giants’ peers respect them as much as ever.

WMAC 2023-Berkshire Hathaway

The corporations on our annual list of the world’s largest companies delivered a record $41 trillion in aggregate revenues.

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The sprawling holding company led by iconic investor Warren Buffett spent its 12th consecutive year in the top 10 of the U.S. Fortune 500, as revenue rose 9% from the year prior. Its holdings include insurance companies, a railroad, utility and energy companies, and a huge portfolio of stocks. 
<ul> 
 	<li>Berkshire registered a loss of $22.8 billion in 2022, the biggest of any Fortune 500 company. However, that figure represented unrealized losses in Berkshire’s huge investment portfolio; the company posted operating income of $30.8 billion.</li> 
 	<li>The company’s stock outpaced the S&amp;P 500 in 2022, rising 4% while the index declined 18%.</li> 
 	<li>Berkshire increased its stake in Occidental Petroleum in late 2022, part of the company’s growing range of bets on oil and gas companies.</li> 
</ul>

The Fortune 500, in its 69th year in 2023, ranks the biggest U.S. companies by revenue.

F500 2023-Berkshire Hathaway

The sprawling holding company led by iconic investor Warren Buffett spent its 12th consecutive year in the top 10 of the Fortune 500, as revenue rose 9% from the year prior. Its holdings include insurance companies, a railroad, utility and energy companies, and a huge portfolio of stocks. 
<ul> 
 	<li>Berkshire registered a loss of $22.8 billion in 2022, the biggest of any Fortune 500 company. However, that figure represented unrealized investment losses in Berkshire’s huge investment portfolio; the company posted operating income of $30.8 billion.</li> 
 	<li>The company’s stocks outpaced the S&amp;P 500 in 2022, rising 4% while the index declined 18%.</li> 
 	<li>Berkshire increased its stake in Occidental Petroleum in late 2022, part of the company’s growing range of bets on oil and gas companies.</li> 
</ul>

Just as it dominates our economy, Big Tech now dominates Fortune’s annual ranking of corporate reputation.

WMAC-2022-06-Berkshire Hathaway

Aggregate sales hit $37.8 trillion last year—an increase of 19%, the highest annual growth rate in the list’s history.

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Shares of Berkshire Hathaway, the conglomerate headed by nonagenarian investing legend Warren Buffett, rose by leaps and bounds in 2021, returning 23.2% and rebounding from the COVID-related recession better than analysts had expected. Buffett credited the company’s results to factors including its insurance business, its stake in Apple, the performance of its BNSF railroad, and its energy operations. Berkshire’s P&amp;C reinsurance business also grew last year, with premiums increasing by more than 6.4%, to $14.15 billion. The conglomerate made headlines after purchasing 14.7 million shares (a $1 billion stake) in controversial video game company Activision Blizzard at the end of 2021; Berkshire subsequently added more to its stake after Microsoft announced its intention to acquire the gamemaker.

This year’s Fortune 500 marks the 68th running of the list.

F500 2022 Berkshire Hathaway

Berkshire Hathaway, the conglomerate headed by the nonagenarian investing legend Warren Buffett, had the second-largest profits among Fortune 500 companies, recording $90 billion in net income last year. Its shares rose by leaps and bounds, too, returning 23.2% in 2021 and rebounding from the COVID-related recession better than analysts had expected. Buffett credited the company’s results to factors including its insurance business, its stake in Apple, the performance of its BNSF railroad, and its energy operations. Berkshire’s P&amp;C reinsurance business also grew in 2021, with premiums increasing by more than 6.4%, to $14.15 billion. The conglomerate made headlines after purchasing 14.7 million shares (a $1 billion stake) in controversial video game company Activision Blizzard at the end of 2021; Berkshire subsequently added more to its stake after Microsoft announced its intention to acquire the gamemaker.

After a year in which humanity leaned more heavily than ever on tech giants, see which companies topped Fortune's ranking of corporate reputation.

WMAC 2021-06-Berkshire Hathaway

Total revenue for the world’s biggest companies fell 4.8% to $31.7 trillion this year—the first decline in half a decade.

G500-2021-011-Berkshire Hathaway

Warren Buffett’s Berkshire Hathaway is up three spots on the Global 500 this year. The enormous holding company’s revenues fell slightly last year to $245.5 billion (down 3.6% from 2019), while profits swooned (down 47.8%) to a still heady $42.5 billion. But investors remain bullish about Berkshire. In May 2021, the company’s famously expensive Class A shares hit an unusual record: They traded above $429,496.7295, the highest price Nasdaq’s 32-bit computer system can handle. In its investment portfolio, Berkshire kept its massive stakes in Apple, Bank of America, Coca-Cola, and American Express, though it bailed out of airline stocks and several other bank stocks last year. As for leadership, Buffett, 90, announced in early May 2021 that Greg Abel, who currently leads Berkshire’s noninsurance businesses, would eventually succeed him as CEO, but gave no timeline. Ajit Jain, who heads up the insurance businesses, would be next in line. And what do Berkshire’s famously trend-averse leaders think of special purpose acquisition companies (SPACs) and cryptocurrency, two big themes of this year? At Berkshire’s 2021 annual meeting, Buffett called SPACs “a killer” because they are making economical acquisition targets harder to find. And there’s no love for crypto either. At the same meeting, vice chairman Charlie Munger called Bitcoin “disgusting,” quipping, “Bitcoin reminds me of what Oscar Wilde said about foxhunting. He said it was the pursuit of the uneatable by the unspeakable.”

This year’s Fortune 500 marks the 67th running of the list.

F500 2021-06-Berkshire Hathaway

Warren Buffett’s Berkshire Hathaway lands at No. 6 in the rankings for a second straight year. The enormous holding company’s revenues fell slightly last year to $245.5 billion (down 3.6% from 2019), while profits swooned (down 47.8%) to a still heady $42.5 billion. But investors remain bullish about Berkshire. In May 2021, the company’s famously expensive Class A shares hit an unusual record: They traded above $429,496.7295, the highest price Nasdaq’s 32-bit computer system can handle. In its investment portfolio, Berkshire kept its massive stakes in Apple, Bank of America, Coca-Cola, and American Express, though it bailed out of airline stocks and several other bank stocks last year. As for leadership, Buffett, 90, announced in early May 2021 that Greg Abel, who currently leads Berkshire’s noninsurance businesses, would eventually succeed him as CEO, but gave no timeline. Ajit Jain, who heads up the insurance businesses, would be next in line. And what do Berkshire’s famously trend-averse leaders think of special purpose acquisition companies (SPACs) and cryptocurrency, two big themes of this year? At Berkshire’s 2021 annual meeting, Buffett called SPACs “a killer” because they are making economical acquisition targets harder to find. And there’s no love for crypto either. At the same meeting, vice chairman Charlie Munger called Bitcoin “disgusting,” quipping, “Bitcoin reminds me of what Oscar Wilde said about foxhunting. He said it was the pursuit of the uneatable by the unspeakable.”

For an astounding 13th straight year, Apple claims the top spot in Fortune’s annual ranking of corporate reputation, based on a survey of almost 3,800 executives, directors, and analysts.

This year's Fortune Global 500 generated $33.3 trillion in revenues and $2.1 trillion in profits.

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Warren Buffett’s legendary company falls a couple of slots, to No. 14 on the Global 500, while companies like Amazon have steadily upstaged it. Berkshire’s revenues last year grew less than 3%, though its profits surged to record highs, thanks to huge (though unrealized) gains on the company's stock investments (an accounting quirk that Buffett himself gripes about). Meanwhile, the insurance conglomerate’s cash hoard continues to grow, surpassing $137 billion this year. Buffett has held off on using it to make more acquisitions, saying in early May at the company’s annual meeting, “We haven’t seen anything that attractive.”

This year's Fortune 500 marks the 66th running of the list.

Inside The Berkshire Hathaway Inc. Annual General Meeting

Warren Buffett’s legendary company falls a couple of slots, to No. 6 on the Fortune 500—its lowest ranking since 2012—as companies like Amazon have steadily upstaged it. Berkshire’s revenues last year grew less than 3%, though its profits surged to record highs, thanks to huge (though unrealized) gains on Buffett’s stock investments (an accounting quirk that the famed investor himself gripes about). Meanwhile, the insurance conglomerate’s cash hoard continues to grow, surpassing $137 billion this year. Buffett has held off on using it to make more acquisitions, saying in early May at the company’s annual meeting, “We haven’t seen anything that attractive.”

Here are the World's Most Admired Companies for 2019 as ranked in their industries. See who made the list.

This year's Fortune Global 500 generated $27.7 trillion in revenues and $1.5 trillion in profits.

This year's Fortune 500 marks the 65th running of the list.

Here are the World's Most Admired Companies for 2018 as ranked in their industries. See who made the list.

This year's Fortune 500 marks the 64th running of the list.

Here are the World's Most Admired Companies for 2017 as ranked in their industries. See who made the list.

This year's Fortune 500 marks the 63rd running of the list.

Here are the World's Most Admired Companies for 2016 as ranked in their industries. See who made the list.

This year's Fortune Global 500 generated $27.6 trillion in revenues and $1.5 trillion in profits.

This year's Fortune 500 marks the 62nd running of the list.

Business insiders have spoken: Asked which companies they most admire, more than 4,100 executives, directors, and analysts chose these top 50 All-Stars.

The world's 500 largest companies generated $31.2 trillion in revenues and $1.7 trillion in profits in 2014. Together, this year's Fortune Global 500 employ 65 million people worldwide and are represented by 36 countries.

This year's Fortune 500 marks the 61st running of the list. Wal-Mart claims the top spot again. See who made the list.

Global business is back. After limping through a worldwide financial crisis and economic slowdown, the 500 largest companies ranked by revenues shattered all sorts of performance records in 2013: They racked up combined revenues of $31.1 trillion, up 2.5% from 2012, and profits soared 27% to nearly $2 trillion. China’s 95 companies (up from 89 last year) posted $5.8 trillion in revenues. The U.S. has four fewer companies on the list than last year but remains (for now) the country leader, with 128 corporations on the list—including No. 1 Wal-Mart Stores—reporting $8.6 trillion in revenues. 

Wal-Mart stayed on top as its sales crept closer to half-a-trillion dollars. Apple moved into the top five. And UnitedHealth Group continued its steady climb. 

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Berkshire Hathaway is a multi-industry conglomerate, led since 1965 by investor Warren Buffett. In May 2025, Buffett announced that he would step down as CEO by Jan. 1, 2026, to be succeeded by Greg Abel. Berkshire’s principal business lines are in the insurance, railroad freight, and utility industries, but it also owns dozens of well-known consumer-facing companies making everything from boxed chocolates to house paint. Berkshire’s many subsidiaries include insurer Geico, the railway BNSF, See’s Candies, the Dairy Queen restaurant chain, running-shoe maker Brooks, battery maker Duracell, and paint manufacturer Benjamin Moore. Berkshire Hathaway also owns a substantial portfolio of equities and other investments.

Berkshire Hathaway (BRKA): Company Profile, Stock Price, News, Rankings

legacy

berkshire hathaway

Berkshire Hathaway is a multi-industry conglomerate, led since 1965 by investor Warren Buffett. In May 2025, Buffett announced that he would step down as CEO by Jan. 1, 2026, to be succeeded by Greg Abel. Berkshire’s principal business lines are in the insurance, railroad freight, and utility industries, but it also owns dozens of well-known consumer-facing companies making everything from boxed chocolates to house paint. Berkshire’s many subsidiaries include insurer Geico, the railway BNSF, See’s Candies, the Dairy Queen restaurant chain, running-shoe maker Brooks, battery maker Duracell, and paint manufacturer Benjamin Moore. Berkshire Hathaway also owns a substantial portfolio of equities and other investments.

Berkshire Hathaway (BRKA): Company Profile, Stock Price, News, Rankings | Fortune

Preston Fore

Brooks CEO Dan Sheridan leads his company with a Charlie Munger-inspired mantra: low arrogance and a bureaucracy allergy

/2025/09/04/brooks-ceo-dan-sheridan-follows-charlie-munger-advice-avoid-abcs-arrogance-bureaucracy-complacency-key-to-success-warren-buffett/

Eva Roytburg

Warren Buffett’s $57 billion face-plant: Kraft Heinz breaks up a decade after his megamerger soured

/2025/09/03/warren-buffet-kraft-heinz-57-billion-faceplant/

Nick Lichtenberg

Meet the $100M AI startup that wants to kill the billable hour: ‘Most legal departments have lost control of their budgets and their knowledge’

/2025/09/03/eudia-legal-tech-ai-startup-killing-billable-hour/

Ashley Lutz

Warren Buffett and top CEOs say a college degree doesn’t matter. Here’s what really counts in hiring

/2025/08/22/warren-buffett-ceos-degree-hiring-what-counts/

Jessica Coacci

Here’s the one-page memo Warren Buffett sent to his managers every two years for over 25 years

/2025/08/06/one-page-memo-billionaire-warren-buffett-sent-to-berkshire-hathaway-managers-every-two-years-for-over-25-years-reputation-over-profit/

https://fortune.com/2025/09/03/warren-buffet-kraft-heinz-57-billion-faceplant/?itm_source=parsely-api

Meet the $100M AI startup that wants to kill the billable hour: 'Most legal departments have lost control of their budgets and their knowledge'

https://fortune.com/2025/09/03/eudia-legal-tech-ai-startup-killing-billable-hour/?itm_source=parsely-api

https://fortune.com/2025/09/04/brooks-ceo-dan-sheridan-follows-charlie-munger-advice-avoid-abcs-arrogance-bureaucracy-complacency-key-to-success-warren-buffett/?itm_source=parsely-api

https://fortune.com/2025/08/22/warren-buffett-ceos-degree-hiring-what-counts/?itm_source=parsely-api

Sydney Lake

Warren Buffett's Berkshire Hathaway takes a sip of the crypto ‘rat poison’ he once said he would never go near

https://fortune.com/2025/01/22/warren-buffett-berkshire-hathaway-changes-stance-on-crypto/?itm_source=parsely-api

Marco Quiroz-Gutierrez

Berkshire Hathaway paid the biggest tax bill in history last year, and Warren Buffett wants the government to ‘spend it wisely’ on burdened Americans

https://fortune.com/2025/02/25/berkshire-hathaway-taxes-warren-buffett/?itm_source=parsely-api

Here's the one-page memo Warren Buffett sent to his managers every two years for over 25 years

https://fortune.com/2025/08/06/one-page-memo-billionaire-warren-buffett-sent-to-berkshire-hathaway-managers-every-two-years-for-over-25-years-reputation-over-profit/?itm_source=parsely-api

Emma Burleigh

Bill Gates says he will never downsize his ‘gigantic’ $130 million mansion he bought for just $2 million

https://fortune.com/2025/01/29/bill-gates-billionaire-mansion-best-investments/?itm_source=parsely-api

Eleanor Pringle

When Warren Buffett bought an obscure RV maker he promised to pay the CEO whatever he asked—it’s not a tactic Buffett recommends, but the gamble paid off 

https://fortune.com/2025/02/24/warren-buffett-forest-river-pete-liegl-wage-negotiation/?itm_source=parsely-api

How much does it really cost to fly private? From jet cards to fractional ownership, we break down the business model behind NetJets — the world's largest private jet operator. With demand for private aviation booming post-pandemic, here’s what it takes to fly like a Fortune 500 CEO — and why it’s becoming more popular than ever.


The Economics of Flying Private: How NetJets Became the Timeshare of Private Jets

Features

How much does it really cost to fly private? From jet cards to fractional ownership, we break down the business model behind NetJets — the world's largest private jet operator. 

What does it actually cost to fly private, and why are more people doing it than ever before? Private aviation is a multi-billion dollar business and companies like Netjets are changing how the ultra wealthy move. Even in the smallest aircraft type in our program, you're talking today about an initial capital investment of more than $800,000 to buy a piece of an airplane. We have something like 40% of the Fortune 500 that are not just customers. And as major commercial airlines are trying to win back premium customers, can commercial aviation companies successfully keep them? NetJets doesn't sell private jets. It sells fractions of jets. Customers buy a share as little as 1/16 of a specific aircraft model. That idea, splitting jet ownership like a timeshare, unlocked a new market. Today we operate nearly 1100 aircraft which if you were comparing us to a commercial airline would make us the 2nd or 3rd largest on the planet. Unlike charter services, it owns and controls its fleet, allowing tighter control over quality, scheduling, and safety. The average Net customer flies with us for about 75 to 100 hours per year. Our typical customer will be. Somebody who is a principal of a privately held company, we have something like 40% of the Fortune 500 that are our Netjet's customers. Flying with Netjets doesn't come cheap. A fractional ownership share on a light jet like the Penom 300 starts at around $850,000 upfront, plus about $325,000 per year in operating costs for 50 flight hours. For those who want a more affordable and flexible option, the NetJet's card starts at $215,000 for 25 hours annually. That $215,000 jet card, that's the cost of 4 down payments on the average American home. Within the shared ownership model, we really have three cost components for the customer. You have the initial capital investment, which is a one-time investment where somebody's buying a piece of the airplane, and then they pay a monthly management fee. If you owned your own airplane, you'd have pilot salaries and you'd have mechanics salaries, and you'd have hanger rent. So in our model, you're sharing that across the other members of the program. And then every time you fly we bill you the variable hourly costs associated with flying that trip from A to B, which covers things like the fuel expense of the aircraft, the ground charges, and the handling fees and the things that would go into operating an airplane from A to B. That business model caught the attention of Warren Buffett, and in 1998, Berkshire Hathaway bought Netjets and has held on to it since. You see in the luxury travel segment overall people are making more of an investment in experiences than in things that certainly has been a tailwind for us, you know, if I'm being honest, the commercial experience has not gotten any better over the last several years, and that has driven more people to want to fly Net jets. During the pandemic, demand for private air travel soared as people feared crowded airports and packed planes. In the US, business aviation traffic in 2021 hit record highs, surpassing the 2019 levels, and in 2021 saw over 3.3 million private jets worldwide, a 7% increase over pre-pandemic levels. Only about 10% of the people who met the financial norms or averages of private aviation were actually flying privately, and COVID certainly unlocked some portion of that addressable market. And then the big question was would they go back to the airlines when the pandemic subsided and masks came off and vaccines went in arms. After the initial COVID boom, many private airline companies saw slumps in profits, but in Q1 of 2025, Berkshire Hathaway reported a profit bump in its service division, which had contributed to its aviation services. For Netjets, we're operating at 40-45% larger than we were in 2019, so we've maintained record retention rates. Major commercial airlines are trying to claw back premium travelers by rolling out redesigned business class cabins, faster boarding, and high-end lounges. But for some flyers, the best perks aren't enough. Anonymity is key to our business. One of the appeals of flying net jets versus owning your own airplane is that you're virtually untraceable. Whether you have concerns about appearances or whether you have concerns about safety. Netjets can provide that in a way that. You can't get owning your own airplane. As the demand for private flights increases, so does the visibility of their impact. Each trip emits many times more carbon emissions per passenger than a commercial trip, and that's drawn growing scrutiny, especially as more celebrities and CEOs are called out for frequent short haul trips. When Taylor Swift's private jet usage was tracked online in 2023, it sparked a wave of backlash and highlighted the growing divide between convenience and climate responsibility. Now with the business booming, even the industry's biggest players are under pressure to address the carbon footprint. Sustainability is at the forefront for our industry right now, and the way that we're addressing it at Netchets is we are the largest buyer of sustainable aviation fuel in the industry. We offer carbon offset programs for our customers. We offset all of our own internal company flying, so anything that we do for maintenance flights or training flights or anything like that, we buy the carbon credits to offset. As commercial travel faces continued pressure from rising costs to growing delays, demand for more efficient discrete options isn't likely to vanish. Private aviation remains a niche but profitable business fueled by clients who value control more than cost.

Here are the companies that have been on the list every year.

The 2023 World's Most Admired Companies list

Franchise_Lists

Here are the companies that have been on the list every year

Fortune's World's Most Admired Companies list for 2023

Watch: Fortune's World's Most Admired Companies list for 2023

[MUSIC PLAYING] SPEAKER: The Fortune 500 is a list of the 500 largest US-based public companies by revenue. The revenue threshold for making it on the list this year, $5.7 billion. The total revenue accumulated by companies on the list was $14.2 trillion. Total profits, $1.2 trillion, 7.6% higher than last year. Number one on the list for the eighth straight year is Walmart. JEN WIECZNER: Over the last eight years, where Walmart has been number one on the Fortune 500 list, they've accumulated over $4 trillion in revenue. I mean, they're an industry unto themselves. PHIL WAHBA: Its business in the United States at the Walmart US chain has been booming. Sam's Club has turned around, convincingly. And also, Walmart International has benefited from the company focusing on a few key markets, rather than trying to be present in a greater number of them. SPEAKER: Coming in at number two is Amazon. ANDREW NUSCA: Amazon is called the "everything store," and for good reason. It really does sell everything, and it keeps selling more of everything. Its retail sales, which is the majority of its business, continue to grow. And that is a $67 billion business. SPEAKER: Revenue at the ecommerce giant grew 21%, allowing it to leapfrog Exxon Mobil and Apple. MATT HEIMER: The energy sector as a whole has been suffering for quite a while. And Exxon, as the biggest energy company in the United States, is certainly no exception to that rule. Part of the problem is that for well over a year now, a lot of major oil-producing countries have been pumping out a lot of extra oil, which creates a glut of supply and holds prices down. ANDREW NUSCA: While Amazon is a growth engine that seems to have no limits, Apple is actually seeing the limits of its growth. For years, it was benefiting from fantastic iPhone sales. Those sales are stagnating. The market is saturated for smartphones. And all of its other businesses-- the smart watches and services-- haven't really offset the enormity of the iPhone business. SPEAKER: CVS came in at number 5, up three spots from the previous year. Berkshire Hathaway dropped two spots to number 6. UnitedHealth Group and McKesson both fell one spot to 7 and 8, respectively, while AT&T and AmerisourceBergen held on to spots 9 and 10. Warren Buffett's Berkshire Hathaway is the most profitable company on the list. MATT HEIMER: The thing that made Berkshire's profits really surge was a huge gain in their investment portfolio. That added something like $54 billion to their total net income. That's not actually realized profits. They didn't sell those stocks and bring that cash in. It's what's called unrealized gains. Essentially, it's an increase in the value of their stock portfolio. SPEAKER: Apple came in second, and Microsoft came in third. 17 companies made their debuts on the Fortune 500 this year, including Uber at number 228, with $14.1 billion in revenue. KRISTEN BELLSTROM: Most people think of Uber as a ridesharing business. That's the core of the company. But for the last few years, we've seen them steadily diversifying and experimenting with other businesses. And the big one for them is Uber Eats. ANDREW NUSCA: The coronavirus pandemic is awful, in a word, for Uber's business. There's a glimmer of hope, and that's its Eats business. Even though people are staying home and not traveling quite nearly as much as they used to, they do want food delivered at home. And so if Uber leans into that, it can probably stem the losses a little bit. SPEAKER: Facebook entered the top 50 for the first time, jumping from 57 to 46, with a 27% gain in revenue. Netflix jumped 33 spots to number 164. JEN WIECZNER: At the end of the year, they had more than 167 million subscribers worldwide. SPEAKER: GE and Boeing each fell 12 spots to their lowest historical rankings on the Fortune 500. KRISTEN BELLSTROM: GE has been struggling for a number of years now. The company is trying to make a turnaround, but they just keep getting hit in different businesses. A bright spot for them, until recently, has been their jet engine business. MATT HEIMER: Boeing has fallen many spots in the Fortune 500 this year, really, because of the fallout from problems with the 737 MAX. Those accidents have essentially led many airlines to suspend their use of the MAX. Airlines stopped taking new deliveries of that plane. SPEAKER: As always, it's hard to predict what next year's list will look like. But with the devastation brought on by the coronavirus pandemic, 2020 promises to be even harder to predict than usual. ANDREW NUSCA: If your business has strong fundamentals, you're in good shape. If you were teetering on a knife's edge, you're in trouble. PHIL WAHBA: Companies that were good at ecommerce and also having a large fleet of stores will be the winners. JEN WIECZNER: Clearly, the travel sector is going to be really hurt by this pandemic, and probably for a long time. And as a result, oil has also really been hurt even further, even when oil was already cheap. MATT HEIMER: Right now, they have so much oil backed up and stockpiled and in storage that they've had to shut down wells and literally just stop pumping new oil. And even if the economy recovers strongly in the summer and fall, you're still going to see a situation where oil companies are not going to be able to make up for the revenue that they lost this spring. KRISTEN BELLSTROM: One sector that I think is well-positioned is the technology world. We are doing our work online. We are seeing our friends online. We are keeping touch with our family online. Now that we're all living this way, I think that we will continue to to some degree in the future. [MUSIC PLAYING] 

Introducing the 2020 Fortune 500 list

Amazon has taken the number two spot behind Walmart.

Walmart takes the number one spot for the eighth straight year.

Watch: Introducing the 2020 Fortune 500 list

[MUSIC PLAYING] Standing in your shoes today and looking back on your lessons learned, how do you define success? Well, somebody said success is getting what you want, happiness is wanting what you get. One doesn't preclude the other. But I would say when you get to be my age, or even a little younger-- I'm 82-- if the people that you want to have love you, love you, you're a success. You can have all the money in the world, you can to have buildings named after you, hospital wings, whatever it may be, and unless you've got people that really care about you, you are not a success. And not everybody is going to make a fortune. Not everybody is going to be on football teams or whatever it may be. But if your children, the people you've worked with-- if those people love you after they've seen you in action for many, many years, you're a success. Thank you. I love that. That's beautiful. There was a woman I knew some years back here in Omaha. Her name was Bella Eisenberg. She was in a concentration camp after World War II, a Polish Jew. And she looked at me one day not too many years before she died, and she said, I'm very slow to make friends, Warren. Because when I look at someone, I say to myself, would they hide me? And if you get to be 70 or 75 and you have a lot of people who would hide you, you are a success. Wow. And if nobody cares about you, I don't care how much money you have, and how many medals you have or something of the sort, you are not a success. 

Insights: How Warren Buffett Defines Success

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True success only comes when you're loved.

How Warren Buffett Defines Success

Berkshire Hathaway CEO Warren Buffett says that true success only comes when those around you love and care about you. (April 2014)

standing in your shoes today and looking back on your lessons learned How do you define success? Well, somebody said successes, getting what you want happiness is wanting what you get. That one doesn't preclude the other. But I would say when you get to be my age or even little younger, I'm 82. Uh, if people the people that you want to have love you, love you, you're a success. Uh, you can have all the money in the world. You're gonna have buildings named after you hospital wing, whoever it may be. And the most people, uh, people that really care about you, you are not a success. And, uh, not everybody's going to make a fortune. Not everybody's gonna, you know, be on football teams or whatever it may be. But if your Children the people you've worked with, those people love you, Uh, after they've seen you in action for many, many years, years success. Thank you. I love that I It was a woman I knew some years back here in Omaha. Our name was Belle Eisenberg. She was in a concentration camp after World War told police you and she looked at me one day, not too many years before she died. And she said, I'm very slow to make friends, Warren, because when I look at someone, I say to myself, would they hide me? And if you get to be 70 or 75 you have a lot of people who would hide you, you are a success. And if you want, if they nobody cares about you, you know I don't care how much money I have, how many medals or something of the sort You were not a success.

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