This person was already aware of the stock market crash!
When billionaires around the world were losing their wealth due to the stock market disaster, warren buffett was quietly increasing his wealth. There was chaos in the global markets after US President donald trump imposed heavy tariffs on 184 countries. The stock markets fell and the US markets reached the lowest level since march 2020. But amidst this decline, warren buffett not only saved himself, but also increased his net worth by $ 11.5 billion, taking it to $ 155 billion.
Everyone lost money except Buffett
The total wealth of the 500 richest people in the world lost more than $ 500 billion within two days. On friday alone, billionaires lost $329 billion, the biggest single-day loss since the biggest drop of the Covid-19 era.
Elon Musk suffered the biggest setback, whose wealth fell by $135 billion. mark zuckerberg lost $27 billion, jeff bezos lost $45.2 billion and bill gates lost $3.38 billion. In contrast, warren buffett was the only billionaire whose wealth increased.
Did warren buffett know everything in advance?
The biggest reason for this was Buffett's decision, which he took in 2023. Actually, when the world was making profits from the stock market, at that time he reduced investment in the stock market and decided to keep about $300 billion in cash. That is, he withdrew this money from the investment and kept it in the bank account.
Apart from this, in 2024, he neither made aggressive investments nor got involved in any new big deal. Instead, he began slowly selling stocks from his portfolio. Berkshire Hathaway ended the year with $334 billion in cash and cash-like assets. Buffett's cash now represents about one-third of Berkshire's total market value, showing how wary he is of the market's high valuations in 2024. During this period, Berkshire sold $143 billion worth of stocks, which is many times more than the $41 billion sold in 2023 and the $34 billion sold in 2022.
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