The Oracle of Omaha won’t endorse Vice President Kamala Harris, former President Donald Trump or any other political candidate.
Legendary investor Warren Buffett, the chairman and CEO of Berkshire Hathaway, said that he has no plans to get involved in the tight race between the two presidential candidates in a statement that warned about misinformation.
“In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr. Buffett’s endorsement of investment products as well as his endorsement and support of political candidates,” according to the statement posted on the Berkshire Hathaway website. “Mr. Buffett does not currently and will not prospectively endorse investment products or endorse and support political candidates.”
Buffett isn’t the only billionaire to sit out the 2024 presidential election. Meta CEO Mark Zuckerberg also said he has no plans to endorse a candidate this year.
Tesla CEO Elon Musk initially said he wouldn’t get involved, but then nixed that pledge and has joined Trump on the campaign trail and frequently uses social media, including his X platform, to share his political views with his 202.2 million followers.
Other members of the business elite have joined the fray. Hedge fund manager Bill Ackman, Cantor Fitzgerald CEO Howard Lutnick, casino owner Steve Wynn and venture capitalist Marc Andreessen are also in Trump’s corner.
Harris also has supporters among business leaders. Last month, 90 business leaders announced support for Harris for president in a letter, saying the vice president would “continue to advance fair and predictable policies that support the rule of law, stability and a sound business environment.”
Among the signers of that letter: billionaires Mark Cuban and Jeff Bezos, Magic Johnson, former 21st Century Fox CEO James Murdoch, widow of former Apple CEO Steve Jobs Laurene Powell Jobs back Harris. They are joined by the former heads of American Express, Merck, Starbucks and Yahoo.
