🇺🇸 WARREN BUFFETT BUCKS THE TREND AS WORLD’S RICHEST LOSE BILLIONS
As global markets reel from tariffs, nearly every one of the world’s top 15 billionaires is down—except Warren Buffett, making him the only major billionaire in the green this year.
Everyone else? Deep in the red.
Jeff Bezos has lost $42.6 billion, and Mark Zuckerberg is down $24.5 billion—all since January, with steep losses accelerating after Trump’s April 2 tariff shock.
Buffett’s strategy? Sit tight and hoard cash.
He ended 2024 with $334 billion in reserves, and told shareholders he found “nothing compelling” to buy.
Now, with Berkshire up 11% YTD and the S&P down nearly 10%, that caution is paying off.
As Buffett famously wrote: “Be greedy when others are fearful.”
Source: CNBC