Warren Buffett Has Also Lost
Famous investor Warren Buffett’s portfolio fell 35 percent since the beginning of the year
Warren Buffett, a famous investor and one of the richest in the world, also got its share from the global slump in the stock market. While the companies in Buffett’s portfolio have suffered severe losses since the beginning of the year, the drop recorded in some stocks since mid-February has exceeded 50 percent.
It is not surprising that Delta Airlines is the company that has lost the most value in the portfolio of billionaire investors with the aviation industry, while international flights and circulation were restricted from the coronavirus epidemic.
Delta Airlines, the most depreciated company in Buffett’s portfolio, has declined 55.73 percent since the beginning of the year and 56.06 percent since February 19, when the collapse began. Southwestern has fallen 36.25 percent since mid-February 19, 32.56 since the beginning of the year.
Another sector that fell the most was banking and financial services. Bank of America, which has a weight of 11.26 percent in the portfolio of the famous investor, and Wells Fargo, which has a weight of 5.39 percent, has decreased by 42.10 percent and 41.92 percent, respectively, since February 19. JPMorgan Chase, 37.11 percent, Goldman Sachs fell 36.91 percent.
Apple Inc., which has the highest weight in the portfolio of Warren Buffett’s parent company Berkshire Hathaway with 35.44 percent. It fell 26.73 percent since February 19, and 19.06 percent since the beginning of the year.
The top twenty companies with the highest weight held by Buffett have fallen by an average of 30.71 percent since February 19, while their entire portfolio fell by 36.62 percent. The top twenty companies with the highest weight have decreased by 27.23 percent since the beginning of the year and 34.82 percent since the beginning of the year.
The personal wealth of Buffett, the fourth richest person in the world, has decreased by $ 18.4 billion since the beginning of the year to $ 71.2 billion. The wealth of Jeff Bezos, the richest person in the world, decreased by $ 3.0 billion to $ 116.4 billion.