Warren Buffett will not endorse a presidential candidate in 2024

Berkshire Hathaway CEO Warren Buffett will not be endorsing a presidential candidate this election, his company said in a memo on Wednesday.

The 94-year-old billionaire businessman has previously endorsed Democratic contenders for the White House, including Hillary Clinton in 2016, and former President Barack Obama in 2008 and 2012, according to The Hill.

The CEO did not state what incident triggered the decision, but Buffett said it was in response to "fraudulent claims" regarding his endorsements. 

"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 company said in a memo. "Mr. Buffett does not currently and will not prospectively endorse investment products or endorse and support political candidates."

The decision to withhold an endorsement comes after billionaire and Tesla founder Elon Musk has been a vocal supporter of former President Donald Trump this election. But other billionaire businessmen, such as Bill Gates and Jamie Dimon, have not publicly endorsed either candidate, though Gates reportedly donated $50 million to Harris's effort. 

Misty Severi is an evening news reporter for Just The News. You can follow her on X for more coverage.