AsianFin -- Warren Buffett is weathering the market storm far better than most, emerging as one of the few billionaire winners amid a chaotic, tariff-fueled downturn.

Despite a volatile start to the year, the 94-year-old investing legend has seen his net worth rise by $12.7 billion as of Friday, according to Bloomberg data. That puts Buffett in fifth place globally with a fortune totaling $155 billion.

His gains are particularly notable given the sharp wealth erosion experienced by U.S. tech billionaires since President Trump’s “Liberation Day” announcement, which introduced sweeping tariffs and rattled global markets. U.S. tech moguls have collectively lost over $400 billion this year alone, with Tesla CEO Elon Musk taking the biggest hit—a staggering $130 billion drop.

Buffett’s Berkshire Hathaway has fared far better. The company’s shares are up around 6% year-to-date, even factoring in Monday’s broad market sell-off. That performance stands in stark contrast to the tech sector, which has plunged 23% since January.

Adding to Buffett’s resilience is Berkshire Hathaway’s record cash stockpile. The conglomerate ended 2024 with $334 billion in cash and cash equivalents, giving it unmatched flexibility to capitalize on bargain opportunities amid the market downturn.

While others scramble to contain losses, Buffett’s disciplined strategy and deep war chest are once again proving their worth.