Synopsis
Berkshire Hathaway has stated that all social media claims regarding comments made by Warren Buffett are false. This follows a misleading post by Donald Trump suggesting Buffett endorsed the president's economic policies, which the company firmly denied. Trump's recent tariff announcement has led to major market turmoil affecting many billionaires.Key Takeaways
- Berkshire Hathaway denies false social media claims about Buffett.
- Trump's post suggests Buffett endorsed his economic policies.
- Buffett remains profitable amidst market downturn.
- Trump reassures the economy will recover.
- Global markets affected by Trump’s tariff announcement.
New Delhi, April 5 (NationPress) All information circulating on social media platforms such as X, TikTok, and Facebook regarding comments allegedly made by Warren Buffett is entirely false, stated the American multinational Berkshire Hathaway.
This clarification comes after a post by former US President Donald Trump on his social media platform Truth Social, which shared a video implying that Buffett, the Chairman of Berkshire Hathaway, endorsed the economic policies of the current US president.
Trump’s post claimed that the 94-year-old billionaire praised the President for implementing “the best economic moves” seen in over 50 years in the United States.
Although an Instagram user initially shared the claims about Buffett on March 13, the story gained traction this week following Trump’s announcement of several tariffs.
Berkshire Hathaway issued a statement asserting, “There are reports currently circulating on social media (including Twitter, Facebook, and TikTok) regarding comments allegedly made by Warren E. Buffett. All such reports are false.”
Buffett has been at the helm of Berkshire since 1965. The company previously noted in October of last year that Buffett would not support political candidates or investment products, following numerous fraudulent claims suggesting otherwise.
Meanwhile, Trump’s announcement of tariffs on April 2, coinciding with Liberation Day, has caused significant turmoil in global markets, resulting in a loss of $2.5 trillion in wealth on Wall Street.
This market crash impacted many billionaires, including Elon Musk of SpaceX and Tesla, Jeff Bezos, founder of Amazon, and Mark Zuckerberg, CEO of Meta, who collectively saw their fortunes decline.
Despite the market downturn, Buffett managed to weather the storm. According to the Bloomberg Billionaires Index, Buffett lost $2.57 billion but remains profitable, with a year-to-date gain of $23.4 billion.
In a separate post on Truth Social, Trump assured Americans that the US economy would emerge “stronger, bigger, better, and more resilient than ever before.”
He further stated that “markets will boom.”
