Warren Buffett increased his fortune by $11.5 billion despite massive losses of billionaires

One of the richest American investors, Warren Buffett, was among the billionaires whose personal wealth increased this year against the background of billions of losses of the world's leading rich after the launch of the customs rally of US President Donald Trump. This is reported by Bloomberg, writes UNN.

According to the Bloomberg Billionaires Index, Buffett's fortune has increased by $11.5 billion this year to $153.5 billion. This is despite a drop of $14.5 billion since April 2, when his net worth reached a five-year high.

Details

The 94-year-old Buffett is now the fourth richest person in the world and one of two lucky people among the 20 TOP billionaires who have increased their wealth this year, while the vast majority have lost. The second lucky woman is L'Oreal SA heiress Francoise Bettencourt Meyers. She earned $1.8 billion during last week's investment panic and ranks 19th in the Bloomberg ranking.

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The world's 500 richest people have lost more than $500 billion in the two trading sessions that followed Trump's announcement. Elon Musk, who remains the richest man in the world, has lost $134.7 billion this year. On Monday, his fortune fell to $297.8 billion, the first time since November that his fortune has fallen below $300 billion.

Supplement

Shares of Buffett's Berkshire Hathaway Inc. fell 8.8% since April 2, compared to a 10.7% drop in the S&P 500 index.

The conglomerate's relatively strong performance reflects the fact that the real estate sector remains relatively isolated from world trade. It is also likely that some investors expect Buffett to prepare for large buyouts.

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In recent quarters, he has shied away from big deals, instead reducing his stake in Apple Inc. and cutting his stake in Bank of America Corp., two firms whose shares have fallen by double digits since Trump's announcement.

Let us remind

The fortunes of the world's 500 richest people at the beginning of April fell by $208 billion due to collapses in the markets caused by Trump's duties. Zuckerberg, Bezos and Musk were the most affected.