Warren Buffett, the investing legend, has seen his net worth jump by a staggering $11.5 billion in just 15 weeks. This impressive gain comes despite a global market downturn fueled by trade tensions.
Buffett’s Winning Streak
Bloomberg reports Buffett’s net worth now sits at a hefty $153.5 billion. This puts him in the top four wealthiest people globally, and makes him one of only two in the top 20 to increase their wealth this year. The other is L’Oréal heiress Francoise Bettencourt Meyers, who added $1.8 billion.
Market Mayhem
The recent market volatility, largely attributed to trade issues, has been brutal for many. The top 500 billionaires lost over $500 billion in just two days following tariff announcements. Elon Musk, for example, saw a $134 billion drop in his net worth.
Berkshire Hathaway’s Resilience
Even Buffett’s own company, Berkshire Hathaway, wasn’t immune to the downturn, experiencing an 8.8% share decline since April 2nd. However, this outperformed the broader market’s 10.7% fall in the S&P 500. Berkshire’s relative success is linked to its focus on the property and casualty insurance sector, which has been less impacted by global trade disruptions.
Buffett’s Strategy
Buffett’s strategy during this period has involved avoiding major deals and trimming holdings in companies like Apple and Bank of America, both of which have been negatively affected by the trade tensions.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before making any investment decisions.
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