Buffett’s Wells Fargo Stake Saps $1.4 Billion in a Day: Chart

(Bloomberg) -- Warren Buffett had $1.4 billion wiped from his fortune Tuesday after Wells Fargo & Co. fell 3.3 percent as the fallout continued from revelations that bank employees had opened more than 2 million accounts without clients’ approval. The U.S. investor, who’s wealth is mostly tied to Berkshire Hathaway Inc., the bank’s biggest shareholder, had the biggest drop among the world’s 400 richest people yesterday, according to the Bloomberg Billionaires Index.

--With assistance from Jack Witzig To contact the reporter on this story: Robert LaFranco in London at rlafranco@bloomberg.net. To contact the editors responsible for this story: Robert LaFranco at rlafranco@bloomberg.net, Sophie Caronello