Investment guru Warren Buffett says his involvement with actor Arnold SchwarzeneggerÂ´s campaign for governor of California doesnÂ´t mean heÂ´s leaving the business world.
Buffett, one of the countryÂ´s richest men, says heÂ´s only acting as an adviser to Schwarzenegger, who he considers a close friend. He also says he wonÂ´t be switching his party registration.
Buffett is a Democrat, while Schwarzenegger is a Republican.
The actor came under fire recently after Buffett suggested that property taxes in California are too low. The issue has been considered untouchable since the 1978 passage of Proposition 13, the statewide initiative that froze property tax rates.
A recent poll shows Schwarzenegger neck-and-neck with Lieutenant Governor Cruz Bustamante should Governor Gray Davis be recalled from office in the election October seventh.