Warren Buffett didn’t support Donald Trump, but is voting with his money that the president will benefit Wall Street.
Buffett says he’s bought $12 billion of stock for his company, Berkshire Hathaway Inc., since the Republican beat Hillary Clinton, Reuters reported Tuesday.
“The speed with which Berkshire is buying stocks is unusual,” Reuters said. “It has spent in fewer than three months roughly half what it spent on equities in the three years ending Sept. 30, 2016.”
Fortune magazine put a price tag on how the market has fared for Buffett, “the Oracle of Omaha.”
His net worth has risen $6.4 billion, or 9 percent, since the Nov. 8 election, according to Bloomberg’s Billionaire Index.
“By Tuesday, Buffett’s net worth reached $73.9 billion, making him the world’s second-richest man behind Bill Gates,” Fortune said.
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