Buffett’s Wells Fargo Stake Saps $1.4 Billion in a Day: ChartBy
Warren Buffett had $1.4 billion wiped from his fortune Tuesday after Wells Fargo & Co. fell 3.3 percent as the fallout continued from revelations that bank employees had opened more than 2 million accounts without clients’ approval. The U.S. investor, who’s wealth is mostly tied to Berkshire Hathaway Inc., the bank’s biggest shareholder, had the biggest drop among the world’s 400 richest people yesterday, according to the Bloomberg Billionaires Index.
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