Most of us will never know what it feels like to go to bed more than a billion dollars poorer than we were when we woke up that morning. But then, most of us aren’t Warren Buffett
Most of us will never know what it feels like to go to bed more than a billion dollars poorer than we were when we woke up that morning. But then, most of us aren’t Warren Buffett.
The billionaire financier saw $1.4 billion wiped from his fortune Tuesday after Wells Fargo’s stock took a 3.3% hit in the fallout of a fraud scandal, Bloomberg reported. The bank’s stock sank on revelations that its employees had opened more than 2 million customer accounts without the customers’ knowledge or approval.
Berkshire Hathaway is the banking giant’s biggest shareholder, according to Bloomberg. Berkshire’s shares fell 2%, causing Buffett’s fortune to fall more than anyone else on the Bloomberg Billionaire’s Index.
At least the hit isn’t too bad – if one can ever use that phrase in connection with losing $1.4 billion. But Buffett, 86, is still in pretty good financial shape. With a net worth of $65.8 billion, he’s the fourth-richest person in the world, according to Bloomberg.
The billionaire financier saw $1.4 billion wiped from his fortune Tuesday after Wells Fargo’s stock took a 3.3% hit in the fallout of a fraud scandal, Bloomberg reported. The bank’s stock sank on revelations that its employees had opened more than 2 million customer accounts without the customers’ knowledge or approval.
Berkshire Hathaway is the banking giant’s biggest shareholder, according to Bloomberg. Berkshire’s shares fell 2%, causing Buffett’s fortune to fall more than anyone else on the Bloomberg Billionaire’s Index.
At least the hit isn’t too bad – if one can ever use that phrase in connection with losing $1.4 billion. But Buffett, 86, is still in pretty good financial shape. With a net worth of $65.8 billion, he’s the fourth-richest person in the world, according to Bloomberg.
