In the News

Title

Trump's Tax Plan Could Boost Billionaire Warren Buffett's Net Worth $10 Billion

Document Type

Article

Publication Date

10-9-2017

Abstract

While billionaire Warren Buffett, who is infamous for his frugal lifestyle, will be taxed like other Americans if the President Trump's proposed tax cuts are passed, he stands to benefit immensely since his assets are tied up in his company.

As CEO and chairman of the board of Berkshire Hathaway (BRK.A - Get Report) (BRK.B - Get Report) , Buffett has much of his wealth in his company and not in his personal accounts