tl;dr
Billionaire Warren Buffett's net worth has surged to $153.5 billion this year, despite a global market selloff. His gains, totaling $11.5 billion, stand out amid the tariff-induced selloff triggered by President Trump, which wiped trillions of dollars from global equities. This is in contrast to the...
Billionaire Warren Buffett's net worth has surged to $153.5 billion this year, despite a global market selloff. His gains, totaling $11.5 billion, stand out amid the tariff-induced selloff triggered by President Trump, which wiped trillions of dollars from global equities. This is in contrast to the top 500 billionaires who collectively shed over $500 billion in just two days.
Buffett's conglomerate, Berkshire Hathaway, saw an 8.8% share decline since April 2, outperforming the S&P 500's 10.7% fall, due to its focus on the property and casualty sector. Despite this, Buffett avoided major deals and trimmed stakes in Apple and Bank of America, both affected by the tariffs.
Billionaire Warren Buffett has recorded billions of dollars in gains this year despite the global market selloff, according to a new report. Buffett’s net worth is now $153.5 billion after surging $11.5 billion this year alone, reports Bloomberg. Buffett’s gains stand out amid the tariff-induced selloff triggered by President Trump, which wiped trillions of dollars from global equities. And his gains come despite this month’s sell off, which reduced Buffett’s net worth by $14.5 billion. Buffett, who is now ranked fourth among global billionaires, is one of only two in the top 20 that grew richer this year. He’s alongside L’Oreal heiress Francoise Bettencourt Meyers, who has added $1.8 billion.
After the tariff news hit, the top 500 billionaires shed over $500 billion in just two days. Elon Musk alone suffered a $134 billion loss, with net worth now standing at about $297 billion. Meanwhile, Berkshire Hathaway, Buffett’s conglomerate, saw an 8.8% share decline since April 2, outperforming the S&P 500’s 10.7% fall. The company’s relative resilience stems from its focus on the property and casualty sector, which remains less affected by global trade disruptions. Buffett has avoided major deals, while trimming stakes in Apple and Bank of America, which have both been hit hard by the tariffs.