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American billionaire Warren Buffett sold all of his shares in the airlines due to the coronavirus.
American billionaire Warren Buffett sold all airline shares due to the coronavirus.
Confessing that he made a mistake investing in airlines, Warren Buffett announced that he had sold the shares of 4 major airlines that he bought through Berkshire Hathaway.
The billionaire, who had a significant stake in the shares of American Airlines, Southwest Airlines, Delta Air Lines and United Airlines Holdings, suffered these investments.
Claiming that the coronavirus pandemic negatively affected the airways, the billionaire man announced that holding losses in the first quarter of 2020 were $ 49.7 billion. There was a 19 percent decrease in the Holding’s shares.
The world of economics, Warren Buffett’s personal wealth is $ 73.5 billion.
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