Trump said during the second presidential debate Sunday night that he used a loss in 1995 to offset tax obligations. He said Clinton’s wealthy supporters, including Buffett, had done the same.
The Hillary Clinton campaign is attacking Donald Trump for exploiting loopholes to avoid income taxes — but some of her backers may have gone further and broken tax law.
The billionaire saw his Berkshire Hathaway shares slip two percent Tuesday.
The plan amounted to a "reverse Ponzi scheme" where unsuspecting employers expecting to buy affordable policies instead bought costly "reinsurance" requiring them to cover each other's losses.
With an estimated worth of $61 billion – averaging about $1.94 billion per day for every day of his life – there doesn’t seem to be anything out of the American business magnate’s reach.
The billionaire investor campaigned alongside the Democratic presidential candidate Hillary Clinton in his home state of Nebraska.
She's scheduled to "discuss her commitment to building an economy that works for everyone, not just those at the top."
The cloud unit, Amazon Web Services, is the company’s fastest-growing business and is regarded by analysts as the next driver of growth for the company.
The internet company also announced a $482 million write-down on the value of Tumblr, the social media service that it acquired in 2013 for $1.1 billion.
The money will go to Glide, a charity that provides food, healthcare and other services to the poor and those struggling with substance abuse.
The price of a charity meal with the Oracle of Omaha has risen from $25,000 in 2000 to more than $2 million last year. This year’s auction ends Friday.
In Silicon Valley, it is sometimes hard to know what is reality and what is fantasy, and a report from the New York Post falls right in the middle of the two.
The Berkshire Hathaway head, who owns dozens of U.S. newspapers, said this week he has struggled to come up with a viable business plan to address declining circulation and advertisement revenue.
The auction of its key businesses is likely to fetch around $2 billion to $3 billion — below the previous valuation of nearly $8 billion.
Buffett's Berkshire Hathaway disclosed a stake in the iPhone maker worth about $1 billion.
The legendary billionaire investor has traditionally shunned investments in the technology sector.
The billionaire investor was said to be backing a consortium seeking to acquire the troubled internet company.
At the Sohn Investment Conference in New York City, top fund managers reckoned with a combination of difficult markets and industry overpopulation.
The famed investor has faced questions over Berkshire Hathaway’s $11 billion stake in IBM, providing a challenge for the billionaire’s investing ethos.
The billionaire hedge fund manager says he stuck with his bet on the embattled pharmaceuticals company because he thought he could “fix it.”
Warren Buffett’s Berkshire held an 8.59 percent stake in IBM as of the end of last year and he has caught some flak for it.
The legendary investor adds that his company did not try to profit from global central bank monetary policy changes.