Warren Buffet to Donate $30B to Bill Gates's Foundation
Warren Buffet to Donate $30B to Bill Gates's Foundation
The foundation itself is worth about $30 billlion
Warren Buffet, considered to be the most respected Wall Street investor of the century, announced that he will be donating $30 billion worth of common stock from his company to the Bill and Melinda Gates Foundation. Buffet is the Chairman and CEO of Berkshire Hathaway, a company focused on investments in a diverse number of industries.
According to Buffet, he will be donating roughly $44 billion in total to philanthropic causes which is about 85% of his total net fortune. Buffet told reporters that his decisions to give such a significant amount to the Bill and Melinda Gates Foundation is due to Bill Gates's decision recently to step back from his responsibilities at Microsoft to focus more on the foundation. Many analysts and people in general view the Bill and Melinda Gates Foundation to be the world's most respectable charitable foundation due to Bill Gates' involvement and how critical he is about where money is spent and who it is given to.
Buffet will award 5% of the total gift to the Gates Foundation every year until the balance is complete. The remaining $14 billion will be donated to other foundations and charities as well as Buffet's children. On many occassions, Buffet has stated that he would only leave a few "hundred thousand" per child.
http://www.dailytech.com/article.aspx?newsid=3024
Como em tudo na vida, o exemplo deve vir sempre de cima...
Pena é que por cá, a realidade na sua maioria aconteça no sentido inverso...
Warren Buffet, considered to be the most respected Wall Street investor of the century, announced that he will be donating $30 billion worth of common stock from his company to the Bill and Melinda Gates Foundation. Buffet is the Chairman and CEO of Berkshire Hathaway, a company focused on investments in a diverse number of industries.
According to Buffet, he will be donating roughly $44 billion in total to philanthropic causes which is about 85% of his total net fortune. Buffet told reporters that his decisions to give such a significant amount to the Bill and Melinda Gates Foundation is due to Bill Gates's decision recently to step back from his responsibilities at Microsoft to focus more on the foundation. Many analysts and people in general view the Bill and Melinda Gates Foundation to be the world's most respectable charitable foundation due to Bill Gates' involvement and how critical he is about where money is spent and who it is given to.
Buffet will award 5% of the total gift to the Gates Foundation every year until the balance is complete. The remaining $14 billion will be donated to other foundations and charities as well as Buffet's children. On many occassions, Buffet has stated that he would only leave a few "hundred thousand" per child.
http://www.dailytech.com/article.aspx?newsid=3024
Como em tudo na vida, o exemplo deve vir sempre de cima...
Pena é que por cá, a realidade na sua maioria aconteça no sentido inverso...
Surfer