Out of the world’s 500 richest billionaires, only one avoided losses and actually profited from former President Trump’s tariffs.
In recent news, a surprising fact has emerged: only one of the world’s top 500 billionaires has made money from President Trump’s trade tariffs.
This billionaire is Warren Buffett, a well-known American investor.
Background on Trump’s tariffs
President Trump announced new tariffs, which he calls “Liberation Day” tariffs. He believes these tariffs will help American taxpayers.
Trump claims that for many years, the U.S. has been taken advantage of by other countries. He aims to make the country economically independent.
These tariffs are taxes that importers must pay when bringing goods into the U.S.
For example, if someone in the U.S. wants to buy a product from Europe, they may have to pay an extra 20% in taxes. This extra cost can lead to higher prices for consumers.
Tariffs typically affect trade and can cause problems for businesses.
Many billionaires have lost money due to the trade war. Stock markets have shown a lot of ups and downs. Many rich people have seen their wealth decrease because of these changes.
However, Warren Buffett stands out as the only billionaire who has not been affected negatively.
While others lost billions, Buffett managed to profit from these tariffs.
Only one billionaire among the world’s top 500 richest benefited from Trump’s tariffs
Warren Buffett took smart steps before the tariffs were announced.
When Trump became president, Buffett sold off shares of his U.S. companies. This decision allowed him to avoid losses when the tariffs were put in place.
Reports show that Buffett made around $12.7 billion in profits during this time. In 2024, he sold a significant amount of stocks, totaling about $134 billion.
This left him with a large amount of cash, estimated at $334 billion.
The trade war has created tension between the U.S. and other countries. Many nations have also started imposing tariffs on American goods in retaliation.
This situation has made international trade more complicated and uncertain.
Buffett’s actions suggest that he was prepared for these changes. Analysts noted that his strategy of selling stocks was a smart move. They believe he anticipated the market’s reaction to Trump’s tariffs.
Warren Buffett has a unique approach to investing.
He often waits for the right moment to buy or sell. He does not focus on short-term gains but instead looks for long-term stability.
His philosophy is to invest in strong companies that will perform well over time. Buffett believes in letting companies use their funds as they see fit.
This approach is different from many other investors who may impose restrictions on how money can be used.
By trusting companies to make their own decisions, Buffett helps them grow.
