Warren Buffett reveals he won't back any candidate in 2024 after fake Instagram post

Billionaire Warren Buffett has made it known that he won't beryllium endorsing Kamala Harris or Donald Trump for president successful 2024.

The 94-year-old CEO of Berkshire Hathaway - who is worthy an estimated $146.3 cardinal - has precocious backed Democratic candidates.

But a memo from nan 'Sage of Omaha's' patient released Wednesday said he wouldn't beryllium taking a stance successful nan election and immoderate different proposal would beryllium 'fraudulent'.

The connection besides warned that Artificial Intelligence whitethorn beryllium utilized to represent his likeness aft a clone endorsement appeared connected Instagram.

The connection besides saying Buffett won't endorse finance products appears to beryllium a move stopping either run trying to capitalize connected his reputation. 

Buffett's determination not to return a stance comes little than 24 hours aft it was revealed that JPMorgan CEO Jamie Dimon - 1 of nan world's astir powerful bankers - and Bill Gates have poured millions into backing Harris.

'In ray of nan accrued usage of societal media, location person been galore fraudulent claims regarding Mr. Buffett's endorsement of finance products arsenic good arsenic his endorsement and support of governmental candidates,' publication nan institution statement.

'Mr. Buffett does not presently and will not prospectively endorse finance products aliases endorse and support governmental candidates,' it said.

He told CNBC nan connection resulted partially from a clone governmental endorsement connected Meta Platforms' Instagram societal media platform.

'I don't moreover cognize really to get connected Instagram,' Buffett told nan network. 'Anything they spot pinch my image aliases my voice, it conscionable ain't me.'

The connection didn't specify specifications of immoderate circumstantial manipulation of Buffett, whose holdings see apical companies Apple, Bank of America, American Express, and Coca-Cola. 

He has tally Berkshire since 1956. Investors who person owned stocks successful nan institution since past person seen a 5,500 percent gain. 

That stands successful stark opposition to 2016, erstwhile he endorsed Hillary Clinton complete Trump, arsenic good arsenic his backing of Barack Obama during his 2008 and 2016 runs.

Buffett shared immoderate of his concerns astir AI to nan Wall Street Journal. 

'It tin beryllium done perfectly now, and it tin beryllium distributed instantly,' Buffett told nan paper,  'They would beryllium capable to do it successful a measurement that would person my family.'

 He was coy astir why he decided to extremity endorsing. 'I'll astir apt reside that mobility astatine nan adjacent yearly meeting.'

His determination comes amid an effort to effort to retired different powerhouse CEOs who person been keeping a debased profile.

The New York Times reported that Microsoft caput Bill Gates had fixed $50 cardinal to boost Harris.

And it reported JP Morgan Chase CEO Jamie Dimon has made clear successful backstage he supports Harris, aft making nationalist comments that near unfastened nan anticipation he mightiness endorse Trump. 

Billionaire Mark Cuban did a caller arena for Harris. And Tesla and SpaceX caput Elon Musk has taken support to a caller level – donating astatine slightest $75 cardinal to backmost Trump, and offering a $1 cardinal prize to petition signers successful elector registration effort which precocious drew scrutiny from national regulators.

Musk has besides been personally campaigning for Trump while talking him up connected his X platform, and jumped connected shape pinch him astatine a rally successful Butler, Pennsylvania.