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The economic crisis resulting from the coronavirus pandemic has caused the American billionaire Warren Buffett to suffer a significant loss. Its 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 admitted to looking at uncertain times. It is unclear when standardization can be expected in the holding company’s various business areas. Due to the crown crisis, the Berkshire Hathaway shareholders meeting was held on Saturday as an online conference.
72 billion fortune
Buffett has assets of $ 72 billion, according to the American magazine Forbes. The 89-year-old star investor is the fourth-richest person in the world. Berkshire Hathaway owns, among other things, significant shares in the Apple computer group, as well as financial groups such as American Express and Goldman Sachs. The holding company is also active in the insurance, rail and energy sectors.
