Buffett will bet on Clinton becoming president

2014-10-08 05:00
Berkshire Hathaway CEO and Chair Warren Buffett during an interview in Omaha, Nebaska. (Nati Harnik, AP, File)

Berkshire Hathaway CEO and Chair Warren Buffett during an interview in Omaha, Nebaska. (Nati Harnik, AP, File)

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Washington - Billionaire investor Warren Buffett said Tuesday he would bet money on Hillary Clinton becoming the next president of the United States.

"Hillary is going to run," Buffett said at Fortune magazine's Most Powerful Women Summit in California.

"Hillary is going to win," he added. "I will bet money on it, I don't do that easily."

Clinton, who turns 67 on 26 October, is widely expected to announce her candidacy for the 2016 presidential elections at the start of next year.

"She's going to announce it as late as possible," Buffett said.

He didn't have any particular predictions about who would win the Republican nomination.

Buffett, who heads the Berkshire Hathaway company, is a staunch ally of President Barack Obama.

During his 2012 campaign, Obama urged Congress to adopt the "Buffett Rule," which would require a tax rate of at least 30% for incomes over $1m.

Read more on:    berkshire hathaway  |  hilary clinton  |  warren buffet  |  us  |  us elections 2016

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