Ace billionaire investor whose investment ideologies are being followed by many has toppled severely to emerge as the biggest loser among top billionaires in the world for calendar year 2020. Yes you guessed it right we are talking about none other than Berkshire Hathaway owner Warren Buffet.
This is even as the US equities gained a huge 40% during the period, where most of his investments are parked.
In accordance with the Bloomberg Billionaires Index, Warren Buffett’s wealth has seen erosion in value by Rs. 1.4 lakh crore or $19 billion, but despite this he still manages to hold the rank of the sixth richest person globally with a net worth of $70.4 billion.
So, even though the loss does not matter to him on an individual basis, analysts as well as followers who abided by his rules given the sharp decline in Buffett’s wealth as well as some of his recent decision’s not turning positive for him have begun to raise a question mark on his strategy.