Billionaire Warren Buffet revealed Wednesday that he will not endorse Vice President Kamala Harris or former President Donald Trump ahead of the 2024 election.
Buffett, one of the world’s richest people, had backed Democrats in three of the last four presidential elections.
A memo posted on the 94-year-old businessman’s website warned of “fraudulent claims” on social media that Buffett, the chairman and CEO of Berkshire Hathaway, had endorsed a political candidate.
“In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr. Buffett’s endorsement of investment products as well as his endorsement and support of political candidates,” the brief statement read.
“Mr. Buffett does not currently and will not prospectively endorse investment products or endorse and support political candidates,” it concluded.
Buffett, who is known as the “Oracle of Omaha,” is one of the most accomplished and influential investors in American history.
He is estimated to be worth nearly $145 billion, good for the No. 6 spot on the Forbes “Real-time billionaires” list.
The Nebraska native’s non-endorsement follows his public support for Hillary Clinton’s 2016 presidential bid and former President Barack Obama’s 2012 and 2008 White House campaigns.
Buffett did not endorse President Biden or Trump in the 2020 race.
The investor’s statement comes a day after the New York Times reported that fellow billionaire Bill Gates contributed $50 million to a political group backing Harris for president.
The Microsoft founder, who has an estimated net worth of $162 billion, is among 81 billionaires bankrolling Harris’ White House run, according to Forbes.
Meanwhile, Trump has 50 billionaires supporting his White House bid, most notably, Tesla and SpaceX CEO Elon Musk.