Warren Buffett Becomes Fourth Richest Despite Market Downturn

Warren Buffett wealth increased by 1 lakh crore this year, Musk’s decreased by 11.6 lakh crore. Amid global uncertainty, the wealth of the rich has fallen sharply. In the two trading sessions after Trump’s announcement on April 2, the world’s top 500 richest people lost Rs 43.13 lakh crore. Despite this, the wealth of legendary investor Warren Buffet has increased by about one lakh crore to Rs 13.24 lakh crore this year. This is after a decline of Rs 1.25 lakh crore since April 2. Buffet is now the fourth richest person in the world. This year, the richest person in the world is Warren Buffett.

This year Buffett’s firm Berkshire gave more than 12% return, S&P 500 declined by the same amount

When the market was falling, Buffett’s firm Berkshire collected cash worth about Rs 29 lakh crore by selling shares till the end of 2024, at that time. The US market was witnessing a record rise. Buffett’s move against the wind had put Berkshire investors in worry. Investors were worried due to the move to save cash.

Apart from Buffett, the wealth of L’Oreal SA heiress Françoise Bettencourt Meyers has also increased this year. Her wealth has increased by about Rs 16 thousand crores.

There was profit, Berkshire Hathaway’s stock rose more than 12% this year, while the S&P 500 fell 11%. Buffett can make big acquisitions by taking advantage of the decline. Buffett had assured investors that when the right opportunity comes, his firm Berkshire will invest most of the money in the US equity market. Due to Trump’s threats to impose tariffs has increased. She has come to the 19th position in Bloomberg’s ranking. On the other hand, the wealth of Tesla CEO Elon Musk has increased so far this year

Fear of a possible economic recession has arisen. The situation has become more panicky since last week. Once stability returns, Buffett can use the cash for big acquisitions.

The stocks Buffett has pulled out of have shown a big drop in performance in recent quarters, with Apple and Bank of America among the two companies whose shares have fallen by double digits since Trump’s announcement. 11.6 lakh crores has decreased. His wealth has come down below 300 billion dollars to 297.8 billion dollars since November last year.