According to a recent report from ProPublica, billionaire Warren Buffett has been trading stocks from his personal investment account that mirror the activities of his company, Berkshire Hathaway. Leaked data from the Internal Revenue Service suggests that Buffett traded equities in his personal account either during the same quarter or the quarter prior to Berkshire Hathaway trading these same stocks in 2009 and 2012. Notable companies traded by both Buffett and Berkshire during this period include Walmart, Wells Fargo, and Johnson & Johnson.
It is worth noting that Buffett has always emphasized his intention to avoid any conflicts of interest with Berkshire Hathaway. In fact, he directly stated during the company's annual meeting in 2016 that he tries to refrain from investing in stocks that may pose such conflicts. Additionally, back in 2012, Buffett made it clear that he cannot be buying the same stocks as Berkshire.
As of now, Berkshire Hathaway has not responded to requests for comments on the matter.
Buffett, often referred to as the "Oracle of Omaha," has previously mentioned that he maintains a private investment account separate from his company's holdings. While Berkshire Hathaway is required to disclose its holdings on a quarterly basis, Buffett's personal investments are not subject to such requirements.
With a net worth of $116.4 billion, according to Forbes, Warren Buffett ranks as the fifth wealthiest person globally.
As of the end of the third quarter, Berkshire Hathaway held a remarkable cash pile of $157.2 billion, which can be attributed to high interest rates. The company's stock boasts a market cap of $755 billion and has experienced a 15.02% increase over the past twelve months.