What did you do before breakfast? Warren Buffett lost a billion - Spokane, North Idaho News & Weather KHQ.com

What did you do before breakfast? Warren Buffett lost a billion dollars

Posted: Updated:
Warren Buffett Warren Buffett
KHQ.com -  Warren Buffett had a difficult Monday morning. Before breakfast even started, he learned he'd lost nearly a billion dollars. Buffett has 70.2 million shares of IBM and on Monday, IBM's stock went down $13.06. That equates to $916.5 million dollars in losses for the so-called Oracle of Omaha. At IBM's lows of the day, Buffett was down as much as $1.08 billion.

In April, after a weak earnings report, Buffett said he'd not soured on IBM, and even bought more stock later in the year. He hasn't opened up about the incredible losses, but a spokeswoman for Berkshire Hathaway, Buffett's company, said there is "a very clear strategy about how to take this company to the future."

Warren Buffett recently made a list of the top billionaires in each state (See the list here: http://bit.ly/1DerB30). His fortune is estimated at $66.9 billion. It's not all about the Benjamins for Mr. Buffett, though. In 2010 Buffett announced he would be giving the vast majority of his fortune to charity, upon his death. Known as "the Giving Pledge", this is a campaign to encourage the wealthiest people in the world to make a commitment to give most of their wealth to philanthropic causes. As of May 2014, 127 billionaire or former billionaire individuals and couples have signed the pledge. The estimated contribution is nearing half a trillion dollars.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Detectives identify woman found in Spokane River

    Detectives identify woman found in Spokane River

    Thursday, September 20 2018 8:35 PM EDT2018-09-21 00:35:31 GMT

    SPOKANE, Wash. - Update: Detectives have identified the woman found in the Spokane River September 15 just hours after releasing a rending of what she may have looked like. Detectives continue to work to determine what occurred prior to her death.

    >>

    SPOKANE, Wash. - Update: Detectives have identified the woman found in the Spokane River September 15 just hours after releasing a rending of what she may have looked like. Detectives continue to work to determine what occurred prior to her death.

    >>
  • Suge Knight pleads to manslaughter over fatal confrontation

    Suge Knight pleads to manslaughter over fatal confrontation

    Thursday, September 20 2018 5:16 PM EDT2018-09-20 21:16:55 GMT

    LOS ANGELES (AP) - Former rap mogul Marion "Suge" Knight has pleaded no contest to voluntary manslaughter and after he ran over two men, killing one, nearly four years ago.    The Death Row Records co-founder entered the plea Thursday in Los Angeles Superior Court and has agreed to serve 28 years in prison.

    >>

    LOS ANGELES (AP) - Former rap mogul Marion "Suge" Knight has pleaded no contest to voluntary manslaughter and after he ran over two men, killing one, nearly four years ago.    The Death Row Records co-founder entered the plea Thursday in Los Angeles Superior Court and has agreed to serve 28 years in prison.

    >>
  • School bus drops off kids over an hour late after driver was lost

    School bus drops off kids over an hour late after driver was lost

    Thursday, September 20 2018 10:24 PM EDT2018-09-21 02:24:04 GMT

    SPOKANE, Wash. - Durham Bus Services has had a rough start to the school year. Less, than one week in, Durham had to answer for a bus driver who dropped off a kindergartner at the wrong bus stop. Then, they had to respond to parents' concerns about overcrowding on school buses. On Thursday, they were once again addressing a serious parent concern.

    >>

    SPOKANE, Wash. - Durham Bus Services has had a rough start to the school year. Less, than one week in, Durham had to answer for a bus driver who dropped off a kindergartner at the wrong bus stop. Then, they had to respond to parents' concerns about overcrowding on school buses. On Thursday, they were once again addressing a serious parent concern.

    >>
HD DOPPLER 6i
/
  • Top Stories from KHQHomeMore>>

  • Unreleased Chris Cornell songs to be released in November

    Unreleased Chris Cornell songs to be released in November

    Friday, September 21 2018 12:29 AM EDT2018-09-21 04:29:16 GMT

    NEW YORK (AP) - New Chris Cornell music is being released more than a year after his death. Cornell's widow Vicky is behind the new album "Chris Cornell," as well as a four-disc box set. Both will be released November 16. The first track from both projects is titled "When Bad Does Good ." Vicky Cornell says it came from her husband's archives.    

    >>

    NEW YORK (AP) - New Chris Cornell music is being released more than a year after his death. Cornell's widow Vicky is behind the new album "Chris Cornell," as well as a four-disc box set. Both will be released November 16. The first track from both projects is titled "When Bad Does Good ." Vicky Cornell says it came from her husband's archives.    

    >>
  • School bus hit by car while taking students home

    School bus hit by car while taking students home

    Friday, September 21 2018 12:21 AM EDT2018-09-21 04:21:45 GMT
    A school bus was hit by a car on the intersection of Joseph Avenue and Standard Street on Thursday. Nobody was hurt. All students were picked up from the scene of the accident by parents or guardians. The bus was taking Libby Center students home from school on Joseph Avenue. That's when a car hit the side of the bus while traveling on Standard Street, destroying the doors and stairs leading up to the vehicle's floor, according to a representative from Durham School Services.>>
    A school bus was hit by a car on the intersection of Joseph Avenue and Standard Street on Thursday. Nobody was hurt. All students were picked up from the scene of the accident by parents or guardians. The bus was taking Libby Center students home from school on Joseph Avenue. That's when a car hit the side of the bus while traveling on Standard Street, destroying the doors and stairs leading up to the vehicle's floor, according to a representative from Durham School Services.>>
  • Black Eyed Peas tackle gun violence, immigration in videos

    Black Eyed Peas tackle gun violence, immigration in videos

    Friday, September 21 2018 12:20 AM EDT2018-09-21 04:20:33 GMT
    Black Eyed Peas - FacebookBlack Eyed Peas - Facebook

    NEW YORK (AP) - The Black Eyed Peas tackle gun violence at schools and immigration in two new music videos for their song, "Big Love." The trio released the videos Friday. Proceeds from the song will benefit the student-led March for Our Lives organization, calling for stricter gun laws, and Families Belong Together, a protest against the Trump administration policy of separating children from families after they are detained illegally crossing the U.S. border.   

    >>

    NEW YORK (AP) - The Black Eyed Peas tackle gun violence at schools and immigration in two new music videos for their song, "Big Love." The trio released the videos Friday. Proceeds from the song will benefit the student-led March for Our Lives organization, calling for stricter gun laws, and Families Belong Together, a protest against the Trump administration policy of separating children from families after they are detained illegally crossing the U.S. border.   

    >>