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International Business Times
International Business Times
Business

Buffett's Bet On Cash Pays Off As Tariffs Wipe £400 Billion From Other Billionaires' Wealth

Warren Buffett’s £240B ($325B) cash hoard shines as Trump’s tariffs tank markets, costing the world’s richest £400B ($510B) in days.

Warren Buffett, the legendary investor dubbed the Oracle of Omaha, is sitting pretty atop a £240 billion ($306 billion) cash pile as global markets reel from tariff-induced chaos.

On 7 April 2025, as reported by the New York Post, Buffett's decision to sell stocks and hoard cash over the past year proved prescient, shielding his Berkshire Hathaway empire while the world's 500 wealthiest individuals saw a staggering £400 billion wealth ($511 billion) evaporate in mere days.

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