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medium risk$130 billion
Warren Buffett
Berkshire Hathaway CEO
Billionaire Investor, Tax Avoidance, Predatory Investments
Overview
Warren Buffett is portrayed as the "good "billionaire but has profited from predatory businesses. Berkshire owns Clayton Homes, which has been accused of predatory lending targeting mobile home buyers. He famously pays a lower tax rate than his secretary while lobbying against wealth taxes. His companies have included Wells Fargo and Kraft Heinz during their scandals.
Key Affiliations
Controversies & Concerns
CLAYTON HOMES: Predatory lending to mobile home buyers
TAX AVOIDANCE: Lower rate than his secretary
WELLS FARGO: Major shareholder during fraud scandal
KRAFT HEINZ: Investment disaster, job cuts
COCA-COLA: Profits from obesity/diabetes
INSURANCE PROFITS: Float strategy profits from premiums
Related Investigations (2)
Criminal Charges & Violations
2 documented violations
26 U.S.C. � 7201Tax avoidance (legal but unethical)(LEGAL)
TILAClayton Homes lending practices(CIVIL SETTLEMENTS)
Known Associates & Connections
Brian Moynihan
Berkshire Hathaway is major Bank of America shareholder
Charlie Munger
Decades-long business partner at Berkshire Hathaway
Bill Gates
Close friend and fellow billionaire philanthropist
Sources & Documentation
4 documented sources from official records, investigations, and reports
Personal Information
- Born
- August 30, 1930
- Birthplace
- Omaha, Nebraska
Education
- •University of Nebraska
- •Columbia Business School
Key Timeline
August 30, 1930
Born in Omaha
1965
Takes control of Berkshire Hathaway
2011
"Buffett Rule" tax debate