How multibillionaire Warren Buffett ranks in the US presidential election in November | 27/10/20

• The US billionaire is not a fan of Donald Trump

• Berkshire benefited from the corporation tax reform

• Buffett describes himself as a floating voter

US multibillionaire Warren Buffett is not exactly known for making his political views known to the public. However, before Joe Biden was officially elected the best candidate by the Democratic Party, Buffett said in an interview with CNBC that he would be supporting US billionaire Mike Bloomberg. The former New York mayor retired in the running for the best candidate nomination in March, after the so-called Super Tuesday. Thus, nearly a billion dollars that Bloomberg had spent on his campaign up to that day also went up in smoke.

Does Buffett support Biden instead of Bloomberg?

Following Bloomberg’s departure, many pundits are now speculating on Warren Buffett’s new favorite. However, as Buffett had repeatedly complained very critically about US President Donald Trump’s protectionist measures and plans in the past, it is very likely that he will now remain loyal to the Democratic camp, despite Bloomberg’s defeat.

Buffett has often criticized Trump’s displeasure over the economic success of various countries like China in the past. “There are many other countries in the world that have a bright future ahead of them. We should be happy with this: Americans would be richer and safer if all countries thrived,” Buffett said in a letter to his shareholders.

Additionally, Warren Buffett is also in close contact Barack Obama She said. The former US president even handed the US billionaire the Medal of Freedom in his first term.

Warren Buffett is not a pure Democrat

Despite his personal connection with former Democratic President of the United States Barack Obama, Warren Buffett does not define himself as a pure Democrat. In an interview with CNBC, the lead investor explicitly pointed out that he had previously voted for both Democratic and Republican candidates.

As a result, according to a non-partisan institution, no Buffett donations to Biden’s campaign should have been made available in this election cycle. However, the American billionaire is known to financially support the campaign of the Democratic Congressional Campaign Committee and Democratic Senate candidate Mark Kelly in Arizona.

Biden is counting on collaboration with Buffett

Although Warren Buffett has never spoken out in favor of Democratic presidential candidate Joe Biden, the latter boasts of a phone call to the Oracle of Omaha.

On the sidelines of a virtual fundraiser, Biden announced he had spoken to Buffett on the phone, according to a press release.

“I was just on the phone with Warren Buffett and I was talking about how … unlike 50, 70, 80 years ago, we can handle the whole damn world in a way that no one else can. […] The future of America has no limits. The only thing that will tear America apart is America itself, ”the Democratic presidential candidate said during the virtual fundraiser.

Berkshire Hathaway could and can benefit from Trump

Although US billionaire Warren Buffett described the day US citizens elected Donald Trump as a black day for America, hardly anyone benefited from Trump’s election victory on November 8, 2016. The investment holding’s stake Berkshire Hathaway has made phenomenal progress since that day.

Although stock certificates were still trading below US $ 250,000 at the end of 2016, they are now quoted much more than a quarter higher than US $ 315,000. Berkshire has benefited most from Donald Trump’s corporate tax reform.

Berkshire Hathaway shareholders, in particular, can look very calmly at the US presidential election: the past four years have shown that the profits of companies such as Apple, Bank of America, Coca-Cola, American Express and Kraft Heinz, the top in the Berkshire Portfolio, not even slowed down by a president named Donald Trump.

Pierre Bonnet / Redaktion funding.ch