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Ardent Hillary supporter Buffet should thank Trump for making him the second richest

By Newsd
Updated on :
World depends on US, China for growth: Buffett

During the US election 2016, Warren Buffet was one of the biggest Hillary supporters. Ironically, Trump’s unexpected victory once again made Warren Buffet the second-richest man on the planet.

Buffet added $US5.8 billion to his fortune this week, leading gain for the world’s wealthiest as he leaped over Spain’s Amanio Ortega and Amazon,com founder Jeff Bezos to reclaim the second position on Bloomberg Billionaires Index with a $US70.6 billion asset, The Sydney Morning Herald reports.

A 13 percent rise in the share of US bank Wells&Farg Co. within two days after the election benefitted Buffet’s fortune.

A speculation that the Republican administration would bring less regulation and sideline some of the industry’s sharpest critics was the reason behind the surge in share market.
On Wednesday, the rise in Berkshire Hathway shares added $1.7 billion to Buffet’s fortune, Forbes reported.
Multiple media reports said Buffet shuttled voters to polling booths in a rented trolley. Despite his effort, five electoral collage votes in his hometown Nebraska went to Trump.

During the campaign, Buffet strongly criticised Trump for not releasing his taxes and his indecent comments.
But, a latest CNN Money Interview showed that Buffet had a new attitude about the president-elect.

“I support any president of the United States. It’s very important that the American people coalesce behind the president”, Buffet said.
Buffet might earn a lot as the Trump presidency in realty will be a nightmare for Amazon CEO Jeff Bezos.

Earlier, Trump criticised Bezos for using ‘Washington post’ to investigate him from winning the election.


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