Warren Buffett, CEO of the world-renowned company Berkshire Hathaway, has criticized the tough business policies of US President Donald Trump. At the company’s annual shareholders meeting (AGM), 94-year-old Buffett advised Trump that trade should not be weaponized. It is a big mistake to impose punitive tariffs on the rest of the world. Buffett: I don’t think it is right and wise. On the issue of tariffs harming international business, Buffett said that in my opinion it is a big mistake. When you have 7.5 billion people who don’t like you very much and you have 300 million people who are proud of how well they have done. I don’t think it is right and wise. On Trump’s claim of protecting American industries by imposing tariffs on imports, he said that in America we should focus on doing business with the rest of the world. We should do what we are best at, and they should do what they are best at. In fact, the fear of tariffs has shaken the markets. The results of the $1.1 trillion company Berkshire showed that its operating income fell by 14%. Net income also fell by 64%. Buffett will retire this December, Greg Abel will be the CEO
Buffett announced in the AGM that he will step down by the end of this year. Greg Abel will take over as the CEO of Berkshire Hathaway. He will put forward this proposal in the company’s Board of Directors meeting on Sunday. Greg Abel has been associated with Berkshire Hathaway for the last 20 years. In 2018, he was included in the company’s Board of Directors. Warren Buffett is the 5th richest in the world
According to Forbes’ Real Time Billionaire List, Warren Buffett’s personal net worth is Rs 14.16 lakh crore. Buffett is 94 years old and is one of the world’s biggest investors. In the list of rich, Tesla owner Elon Musk tops the list with a net worth of Rs 19.05 lakh crore.
