Warren Buffett: the investment genius who is building wealth even in Trump’s trade wars
8 April 20:43
According to the Bloomberg Billionaires Index, legendary American investor Warren Buffett managed to increase his wealth by $11.5 billion this year, reaching a total of $153.5 billion. This is an impressive result, given that most of the world’s super-rich have suffered significant losses since the start of US President Donald Trump’s trade wars, Komersant ukrainskyi reports.
buffett, 94, is currently ranked fourth among the world’s richest people. It is worth noting that among the 20 richest billionaires in the world, only he and the heiress of L’Oreal SA, Françoise Bettancourt Meyers, were able to increase their wealth during this difficult period. Bettancourt Meyers, who is ranked 19th in Bloomberg’s ranking, earned $1.8 billion during the last investment panic.
In contrast to Buffett’s success is the situation with Elon Musk, who remains the richest man in the world, but lost a whopping $134.7 billion this year. His total wealth fell to $297.8 billion, dropping below the $300 billion mark for the first time since November.
Although shares of Buffett’ s Berkshire Hathaway Inc. have also suffered a drop (down 8.8% since April 2), this figure is still better than the overall decline in the S&P 500 index, which fell by 10.7% over the same period. The relatively stable performance of Buffett’s conglomerate can be explained by several factors:
- The real estate sector, in which Berkshire Hathaway has significant interests, remains relatively immune to the effects of trade wars.
- Many investors assume that Buffett is preparing for large-scale acquisitions.
Interestingly, in recent quarters, Buffett has avoided major deals and even reduced his stakes in Apple Inc. and Bank of America Corp. companies whose shares have fallen significantly since Trump announced new customs policies.
In total, the world’s 500 richest people lost more than $500 billion in just two trading sessions after President Trump’s announcement. In early April, their wealth decreased by $208 billion due to the market crash. The biggest losses were suffered by such well-known entrepreneurs as Mark Zuckerberg, Jeff Bezos, and the aforementioned Elon Musk.
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Warren Buffett: The Oracle of Omaha
Warren Buffett is not just an investor, but a true embodiment of the American dream. The boy who sold chewing gum at the age of 6 and bought his first shares at 11 has turned into an investor whose opinion makes global markets shudder. At the same time, Buffett has been living in the same house he bought in 1958 for $31,500 for more than 60 years, refuses to eat sumptuous dinners in favor of hamburgers and Coca-Cola, and seems to drive to work alone, without a driver or security.
the “Oracle of Omaha” is famous not only for his financial genius, but also for his amazing modesty. He promised to give 99% of his wealth to charity and has already donated more than $49 billion. When journalists asked him why he didn’t bequeath all his wealth to his children, Buffett replied with his usual humor:
“It’s enough to leave them enough to do whatever they want, but not so much that they can do nothing.”
His son Howard works as a farmer, and his daughter Susan is the head of a charitable foundation.
Buffett has a unique flair for successful investments, but his most famous investment was the troubled textile business Berkshire Hathaway, which he acquired in 1965. The company, which was worth $19 per share at the time, is now worth more than $500,000 per Class A share. If you had invested $1,000 in Berkshire in 1965, your investment would be worth more than $27 million today. At the same time, the legendary investor is known for his patience – he often quotes the principle:
“The best time to sell a stock is never.”
Despite his age, Buffett retains his clarity of mind and amazing efficiency. He reads about 500 pages of documents and reports every day and spends 80% of his working time just thinking. His office has almost no computers, and Buffett himself has only recently replaced his flip phone with a smartphone. His famous phrase is:
“Risk comes from not knowing what you’re doing.”
Perhaps it is this philosophy and the ability to see value where others do not that has allowed Buffett to remain at the top of the financial world for decades, even when markets are feverishly reeling from crisis and panic.
