See every side of every news story
Published loading...Updated

Warren Buffett gained $13 billion amid Wall Street carnage that wiped out trillions

  • Warren Buffett gained $12.7 billion in wealth during a market sell-off caused by U.S. President Donald Trump’s tariffs, making him the only billionaire whose net worth rose despite the turmoil.
  • The S&P 500 fell 10.5% in a historic rout, losing $536 billion in total net worth for billionaires, which is the steepest loss on the Bloomberg Billionaires Index.
  • Buffett's strategy of selling stocks and accumulating $334 billion in cash helped protect his wealth amidst significant losses among other billionaires.
  • The VIX Index surged, indicating increased investor fear, while market observers noted that Trump's tariffs might escalate economic downturn risks.
Insights by Ground AI
Does this summary seem wrong?

36 Articles

All
Left
5
Center
6
Right
4
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 40% of the sources are Center
40% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Digital Market News broke the news in on Saturday, April 5, 2025.
Sources are mostly out of (0)

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.