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Biden talks to Buffett: Warren Buffett and the US election: this is how the multi-billionaire positions himself message


US billionaire is not a fan of Donald Trump

Berkshire benefited from corporate tax reform

Buffett describes himself as a change voter

US multibillionaire Warren Buffett is not exactly known for making his political views known. However, before Joe Biden was officially elected top candidate by the Democratic Party, Buffett said in a CNBC interview that he would support US billionaire Mike Bloomberg. The former New York mayor retired in the race for nomination as the top candidate in March, after the so-called Super Tuesday. As a result, around a billion US dollars that Bloomberg had spent on its campaign up to that day also went up in smoke.

Does Buffett support Biden instead of Bloomberg?

After Bloomberg’s elimination, many experts are now speculating about Warren Buffett’s new favorite. However, since Buffett has repeatedly complained very critically about the protectionist measures and plans of US President Donald Trump in the past, it is very likely that he will now remain loyal to the democratic camp despite the defeat of Bloomberg.

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

In addition, Warren Buffett is in very close contact too Barack Obama said. The former US president even presented the US billionaire with the Medal of Freedom in his first term in office.

Warren Buffett is not a pure Democrat

Despite his personal connection with former Democratic US President Barack Obama, Warren Buffett does not describe himself as a pure Democrat. So pointed
Groinvestor explicitly pointed out in a CNBC interview that he had voted for both Democratic and Republican candidates in the past.

Accordingly, according to a non-partisan institute, no donations from Buffett for the Biden campaign should have been made available in this election cycle. Nevertheless, it is known that the US billionaire financially supports the campaign of the Democratic Congressional Campaign Committee and the Democratic Senate candidate Mark Kelly in Arizona.

Biden relies on working with Buffett

Despite the fact that Warren Buffett has never spoken out in favor of the Democratic presidential candidate Joe Biden, the latter brags with a phone call to the Omaha Oracle.

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

“I was just on the phone with Warren Buffett and I was talking about how, unlike 50, 70, 80 years ago, we are able to run the whole damn world in a way that nobody else can. [] America’s future has no limits. The only thing that will tear America apart is America itself, “said the Democratic presidential candidate during the virtual fundraising campaign.

Berkshire Hathaway could and can benefit under Trump

Although US billionaire Warren Buffett described the day on which US citizens elected Donald Trump as president as a black day for America, hardly anyone benefited from Trump’s election victory on November 8, 2016. The share of the Investment holding Berkshire Hathaway have seen phenomenal progress since that day.

While the share certificates were still trading at a price below 250,000 US dollars at the end of 2016, they are now quoted far more than a quarter higher at a price of over 315,000 US dollars. Berkshire benefited above all from the corporate tax reform implemented by Donald Trump.

Berkshire Hathaway shareholders in particular can look forward to the US presidential election very calmly: 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 positions in the Berkshire portfolio, not even held back by a president named Donald Trump.

Pierre Bonnet /

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Image Sources: Andy-Kropa / AP, Adam Jeffery / CNB / CNBCU / Photo Bank via Getty Images

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