This time four years ago, Warren Buffett publicly advocated Hillary Clinton and even planned a trolley ride to the elections with Omaha voters.
However, the billionaire's schedule looks a little different ahead of the 2020 elections. In particular, there is a lack of public political commitments. Buffett has yet to raise funds or promote this year's Democratic presidential candidate, former Vice President Joe Biden. John McCormick and Catherine Lucey of the Wall Street Journal reported Sunday.
A Buffett representative in Berkshire Hathaway did not immediately respond to Business Insider's request for comment on the CEO's support or involvement in the Biden campaign. The Biden campaign also did not respond to requests for comment.
The problem isn't that the billionaire isn't sure who to support The diary. Buffett criticized, and is, President Trump's refusal to publish his 2016 tax returns believed to have related Trump when he wrote in his 2019 shareholder letter that "it is not arrogant for American companies or individuals to boast that they did it" on their own ".
Buffett is a longtime Democrat. The CEO hosted one High dollar fundraiser for President Obama's re-election campaign in 2011 and served as his unofficial economic advisor. Before the 2016 election, Buffett spoke for Secretary Hillary Clinton at a campaign rally.
The so-called "Oracle of Omaha" has held back overall since the coronavirus pandemic hit the United States in June and last occurred during a live stream from Berkshire Hathaway's annual general meeting in May. McCormick and Lucey from the Journal Pioneered the idea that Buffett's well-documented dislike of the type of virtual gathering Biden welcomed might be a factor in his absence from the campaign, and reported the billionaire's remark that a coworker had his knowledge of Zoom in in a very short time.
The pandemic aside, the past few months have been financially tough for Buffett. Buffett's personal net worth fell by $ 7.3 billion in the past year, Business Insider previously reported – more in dollars than anyone else on the Forbes 400 richest list of Americans. However, Buffett remains the fourth richest person in America.
Even without Buffett's support, Biden has received donations from dozens of billionaires, far more than President Trump.