Warren Buffett loses $ 50 billion in 90 days due to Corona

Berkshire Hathaway, a subsidiary of US billionaire Warren Buffett, was badly hit by the Corona virus and posted a record net quarterly loss of around $ 50 billion today, Saturday, and the company said performance suffers at several major companies. .

Berkshire said the majority of its more than 90 activities had negative impacts ranging from “relatively simple to severe” due to Covid-19 disease caused by HIV infection, adding that earnings slowed in April , even in “core” business activities.

BNF Rail Company witnessed a decrease in cargo volume, some companies reduced wages and employees. Retailers like SeasCandies and Nebraska Furniture Mart have closed some stores.

Berkshire’s first-quarter net loss was $ 49.75 billion.

Last November, Berkshire Hathaway, owned by billionaire Buffett, became the most profitable public company in the world, after achieving a net income of $ 52 billion in the third quarter of this year.

According to the American agency “Bloomberg”, Buffett, the fourth richest man in the world, managed to achieve the profits of the company that directs and operates in an executive manner in this record peak, taking advantage of his largest acquisition.

Last May, the US billionaire said his company, “Berkshire Hathaway,” would drive more investment in the Chinese market in the future.