He’s one of the world’s richest men, considered by many to be the world’s smartest investor. Warren Buffett, CEO of Berkshire Hathaway, has been hailed as “The Oracle of Omaha,” whom lots of savvy people follow in deciding where to place their bets when it comes to picking stocks.
Now, in an extraordinary move, Buffett has placed a revealing bet of his own, a political wager of sorts — his first-ever check to an independent political action group. Warren Buffett has given $25,000 — the maximum allowed — to the Ready for Hillary campaign.
As reported on bloomberg.com:
The Oracle of Omaha gave the maximum donation allowed to Ready for Hillary last quarter, his first-ever check to the sort of independent political groups that he’s scorned in the past.
Buffett, who is the third richest man in the world, gave $25,000, the most any individual can donate under the committee’s self-imposed cap, according to a person familiar with Ready for Hillary’s post-election financial disclosure report.
Despite being the sort of wealthy capitalist that liberals so often bash and trash, Warren Buffett has long been a big-dollar supporter of Democrat candidates for high office — even an uber-progressive like Barack Obama.
Last cycle, he headlined fundraisers for Obama’s re-election, though he rebuffed solicitations by Priorities USA Action, a super-PAC supporting the president.
“I don’t want to see democracy go in that direction,” he said in May 2012 when asked at his company’s annual shareholder meeting about his position on giving to outside groups. “You have to take a stand some place.”
Apparently, Buffett has decided to “take a stand” some place else, as he has now reportedly chosen to spread his wealth around an independent political group backing the front-line Democrat he has long favored.
“Hillary is going to win, yeah,” he said at Fortune’s Most Powerful Women Summit in October. “I will bet money on it. And I don’t do that easily.”
The Ready for Hillary organization has become a powerful campaign-in-waiting for the former secretary of state and first lady. It reportedly has gathered an impressive list of 3 million supporters — a formidable list that would apparently be turned over to the official Clinton presidential campaign…should Hillary decide to run, of course.
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But given the first-of-its-kind donation just made by the closely watched Oracle of Omaha, it would certainly appear that decision is a sure bet.
Western Journalism just posted an article on another potential 2016 presidential candidate who has reportedly been wooing his own set of campaign donors. You can read that post by clicking here.
Photo credit: Talk Radio News Service (Flickr)
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