Buffett's Financial Plans
Warren Buffett recently announced that he plans to give away the majority of his fortune upon his death. Many expected the bulk of his holdings to be given to the Susan Thompson Buffett Foundation, which was founded by Buffett's late wife, but it now appears that the largest contribution of $30.1 billion will go to the Gates Foundation. A contribution of that size would double the size of the foundation, already the world's largest. His wife's foundation will receive approximately $3 billion, while the three foundations run by each of his children will get over $1 billion each.
The billionaire is in excellent health now and has a net worth of approximately $42 billion dollars
Reader Comments (Page 1 of 1)
WB233629 Jun 26th 2006 10:12AM
How about a little proof-reading. 30.1 Million wouldn't even be noticed by the Gates foundation. Lets try replacing that M, with a B... for BILLION. Now thats a sizeable donation.
Mary Perkins Jun 26th 2006 2:28PM
Mr Buffett is doing what a lot of us would do if we had the resources. I think it is absolutely a wonderful thing. My parents taught me many years ago, that if you have food to eat, a roof over your head, and medicine when you need it, you have what 90 percent of the world does not have. Mr Buffett, you and the Gates are tops in my book. God bless you for your generosity to those so much less fortunate than we are.
Matt Trostle Jun 27th 2006 9:21AM
The two richest men in the world partnering up to do the world good! I love it, this is what wealth is truly about.
luxury affair Jun 27th 2006 7:28PM
yeah buffett! setting a great example for other billionaires. awesome move.
j1 Jul 1st 2006 5:08AM
I was watching this conference (on TV.) An American hero
Joy Jul 5th 2006 1:47PM
To Be Honest, Mr. Buffett could help out some of us college students who need help paying Student Loans back!
Help with Student Loans will work!!!
Joy Jul 5th 2006 1:48PM
Helping college students with Student Loans will work for me.