Berkshire Hathaway, the investment company of the American billionaire Warren Buffett, made a loss of about $ 50 billion (44.8 billion euros) in the first quarter of 2020.
The record loss is largely due to the corona crisis. In the first quarter of 2019, Buffet’s company still made nearly $ 22 billion in profits, the US investment company reports Saturday.
The billionaire’s company lost approximately $ 55 billion in the first three months of this year due to several large corporate stocks.
On the other hand, Berkshire Hathaway was allowed to add an operating profit of $ 5.8 billion in the first quarter. In many cases, Buffet considers this to be a more reliable measure of his company’s performance.
– .
