Warren Buffett’s company reports US$50 billion Q1 loss | The Malaysian Insight

Warren Buffett is considered one of the savviest investors anywhere and his fortune of US$72 billion is the fourth-largest in the world, according to Forbes. – EPA pic, May 2, 2020.

HARD HIT by the market rout surrounding the coronavirus pandemic, Berkshire Hathaway, the holding company of Warren Buffett, has reported first quarter net losses of nearly US$50 billion , it reported today. The company, based in Omaha, Nebraska, called the setback “temporary” but said it could not reliably predict when its many businesses would return to normal or when consumers would resume their former buying habits.

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