Billionaire Warren Buffett has said he won’t back Kamala Harris or any other candidate this cycle – lest he hit back at “fraudulent claims.”
His company Berkshire Hathaway revealed his position on Wednesday in a brief statement aimed at hitting back at false statements about his stance. The 94-year-old investment guru, chairman of the CEO, also revealed that he fears AI technology will be used to manipulate his personality.
“In light of the increased use of social media, there have been numerous fraudulent claims regarding Mr. Buffett’s endorsement of investment products, as well as his endorsement and support of political candidates,” the company said. statement.
‘Sir. “Buffett does not currently endorse any investment products and will not do so in the future, nor does he endorse or endorse any political candidates,” the report said.
The statement did not specify details of any specific manipulation by Buffett, whose holdings include top companies Apple, Bank of America, American Express and Coca-Cola.
That’s in stark contrast to 2016, when he supported Hillary Clinton over Trump, as well as his support of Barack Obama during his 2008 and 2016 elections.
Warren Buffett, chairman and CEO of Berkshire Hathaway, will not give a presidential endorsement, his company said
Buffett shared some of his concerns about AI with the Wall Street Journal.
“It can be done perfectly now and it can be distributed immediately,” Buffett told the paper. “They could do it in a way that would convince my family.”
He was coy about why he decided to stop endorsing it. “I will probably address that question at the next annual meeting.”
Worth an estimated $140 billion, the “Sage of Omaha” is closely watched for his statements on business and market trends.
Donald Trump, a billionaire himself, has received valuable support from Elon Musk
Vice President Kamala Harris has silent support from some billionaires
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His decision comes amid an effort to oust other major CEOs who have kept a low profile.
The New York Times reported that Microsoft CEO Bill Gates had given $50 million to boost Harris.
And it reported JP Morgan Chase CEO Jamie Dimon has made it clear privately that he supports Harris after making public comments that left open the possibility that he would support Trump.
Billionaire Mark Cuban recently did an event for Harris. And Tesla and SpaceX head Elon Musk has taken support to a new level: He has donated at least $75 million to support Trump, and offered a $1 million prize to signers of voter registration petitions, which recently came under the was scrutinized by federal regulators.
Musk has also personally campaigned for Trump while addressing him on his X platform, jumping on stage with him at a rally in Butler, Pennsylvania.