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Warren Buffett will not endorse any investment products or political candidates, according to a statement on Berkshire Hathaway's website, in an effort to deter people from exploiting his reputation, Jonathan Stempel reported for Reuters.
Buffett's statement was partially triggered by a fake political endorsement circulating on Meta Platforms' Instagram. I Photo: Warren Buffett X
"In light of the increased usage of social media, there have been numerous fraudulent claims regarding Buffett's endorsement of investment products, as well as his endorsement and support of political candidates," the statement read.
"Buffett does not currently and will not prospectively endorse investment products or support political candidates."
Berkshire told CNBC that the statement was partially triggered by a fake political endorsement circulating on Meta Platforms' Instagram. "I don't even know how to get on Instagram," Buffett told the network.
"Anything they see with my image or my voice, it just ain't me." Buffett, a Democrat, has supported former Democratic President Barack Obama and former presidential candidate Hillary Clinton.
