The economic turmoil resulting from the coronavirus pandemic has caused the US billionaire Warren Buffett to suffer a significant loss. His holding company Berkshire Hathaway reported a quarterly loss of just under $ 50 billion yesterday.
The company spoke of a “temporary” setback, but at the same time conceded to look to uncertain times. It is unclear when normalization can be expected in the various business areas of the holding company. Because of the corona virus crisis, the Berkshire Hathaway shareholders’ meeting was held yesterday as an online conference.
Fortune of 72 billion
Buffett has assets of $ 72 billion, according to US magazine Forbes. The 89-year-old investor is the fourth richest person in the world. Berkshire Hathaway holds, among other things, significant shares in the computer group Apple as well as in financial groups such as American Express and Goldman Sachs. The holding company is also active in the insurance, rail and energy sectors.
–
–
