From Yahoo Finance: 2025-05-10 09:00:00

Warren Buffett, the legendary investor, announced his retirement at 94, shocking loyalists at Berkshire Hathaway. Despite his enormous success, Forbes estimates his personal fortune at $168.2 billion, ranking him just behind Elon Musk, the world’s richest man.

Buffett has distanced himself from politics, stating that his company would suffer regardless of his position. He emphasized the need to avoid attributing his personal views to Berkshire Hathaway to protect the company from any potential consequences.

Elon Musk, who surpassed Buffett in wealth, faced criticism for his political involvement and controversial statements. Musk’s ascent led to protests and vandalism of Tesla vehicles, revealing the challenges of separating a company from its leader.

Buffett’s Berkshire Hathaway stock outperformed the market, gaining 20% while the S&P 500 was down over 3%. Analysts credit President Trump’s tariff policy for market fluctuations rather than Musk’s political activities or mission to reduce government waste.

In 2024, Musk urged Buffett to add Tesla to Berkshire’s stock portfolio, citing the potential of Tesla’s Full Self-Driving technology to revolutionize road safety. Musk’s pitch suggested that insurers like Berkshire-owned Geico could face significant disruptions due to advancements in autonomous driving technology.



Read more at Yahoo Finance: How Have Elon Musk’s DOGE Decisions Affected Warren Buffett?