In global markets, 184 countries were tanned with $ 5 trillion wipeouts after a comprehensive tariff by US President Donald Trump on 184 countries, Ace investor Warren Buffett came out of unsafe and rich. According to the Bloomberg Billionaires Index, Buffet was the only billionaire among the 10 richest individuals in the world, who saw Elon Musk, Jeff Bezos, and Mark Zuckerberg making his money outstanding his money.
Since Trump’s tariff Bombshell on Wednesday, global shares have pulled the US markets to its lowest level since March 2020. This marked the fourth worst single-day fund wipeout in the 13-year history of the Bloomberg Billionaires Index, losing the top 500 richest people to the joint $ 536 billion.
Nevertheless, Buffett, who led the Berkshire Hathaway, has not only dodged the massacre, but has also made profits. He took advantage of $ 12.7 billion, causing his total cost to $ 155 billion – tie with Bill Gates.
So, what is Warren Buffett’s gameplan? In 2024, he sold $ 134 billion in shares and transferred a record to $ 334 billion cash piles, mostly in the short -term American Treasury Bill. It adapted to Berkshire when the markets crashed.
Berkeshire’s apple stake was reduced by two-thirds of his boldest moves before his exposure injury to China’s exposure between Trump’s tariff. He also trimmed positions in Bank of America and Citigroup, both below 20 percent this year.
In his February shareholder letter, Buffett indicated that what is coming: “We were assisted by a predicted big profit in investment income,” he wrote, according to luck, the growing yield on T-Bill was a safe option for more equity.
Now, Berkshire Hathaway shares are 9 percent year-old despite Tram’s Terf’s tariff-led business war and trigger one of the worst days for global wealth since the epidemic era. The main investment of the company is in railroad, energy and insurance.
Between the economic turmoil, reports suggested that Buffett supported Trump’s tariff policies. Berkshire Hathaway denied these claims and said that all such reports were false, as according to Reuters. Mr. Buffett said that he had not made any comment about the tariff and should avoid doing so till Berkshire’s annual shareholder meeting on 3 May.
