Buffett on track to lose $2 billion in Friday rout

Fred Imbert
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Financial markets across the globe fell sharply on Friday, and Warren Buffett 's wallet is taking a hit.

The Oracle of Omaha was on pace to lose over $2.3 billion from his top five holdings alone: Wells Fargo (WFC), Kraft Heinz (KHC), Coca-Cola (KO), IBM (IBM) and American Express (AXP), according to FactSet.


U.S. stocks dropped more than 2 percent after Chinese equities fell into bear market territory. The Dow Jones industrial average fell 536.94 points at session lows.

Dow Jones in 2016

Source: FactSet

Buffett, however, was not alone.

Amazon CEO Jeff Bezos was on track to lose nearly $1.9 billion. Bezos owns nearly 83 million shares of Amazon (AMZN), FactSet data showed. The company's stock was 3.7 percent lower in afternoon trading.

Bill Gates , founder of Microsoft, was primed for a $475 million fall on Friday, as Microsoft dropped 4.1 percent. Gates still holds over 200 million shares of Microsoft, FactSet data showed.

Google co-founders Sergey Brin and Larry Page were on pace to lose over $784 million, as Alphabet (GOOGL)'s common stock fell over 3 percent.

Meanwhile, activist investor Carl Icahn was poised to lose over $138 million from his Apple holdings, which total nearly 53 million shares, according to FactSet.



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