Buffet makes world's largest charity donation

Beansprout · 25 Jun 2006 at 23:32

All you people who slagged off Gates in the recent thread, I challenge you to **** this man off.

" Warren Buffet , the world's second richest man, announced over the weekend that he will soon donate 85% of his entire net worth, weighing in at around $37 Billion, to charities, with over 80% of it going to the Bill and Melinda Gates Foundation. This makes it the single largest monetary donation in history."

http://money.cnn.com/2006/06/25/magazines/fortune/charity1.fortune/index.htm?cnn=yes

Wow. Just wow. 85% :eek:

I said in the Gates thread that people should pick on him rather than Gates because he hasn't donated much, he just seems to sit on his fortune. Maybe he has spies

DRZ · 25 Jun 2006 at 23:42

$37Bn...

I bet his banks absolutely LOVE him! I bet there were some sweaty brows as he announced that one!

iCraig · 25 Jun 2006 at 23:44

How selfish. should have done 90%

Some people are all me me me. :rolleyes:

McDaniel · 25 Jun 2006 at 23:46

Gor' Blimey!

What a gent

Beansprout · 25 Jun 2006 at 23:47

iCraig said:
How selfish. should have done 90%

Some people are all me me me.

Violent-J · 25 Jun 2006 at 23:51

fair play, good man

Burnsy2023 · 26 Jun 2006 at 00:13

I hope the money gets well used as I'm sure it will.

Burnsy

Inquisitor · 26 Jun 2006 at 00:17

Saw this earlier...

Wow, what a gesture :eek:

Zip · 26 Jun 2006 at 00:19

He will still have enough money to buy most the Islands in the Pacific aswell

I wish i was that rich

Good on him though, its better to spend money then just to have it for bragging rights, Use it for what its made for i say :cool:

ChroniC · 26 Jun 2006 at 00:20

Whats does this mean to the world, surely the effect of this will not og unnoticed?
Can i be expected some utopia soon?

Burnsy2023 · 26 Jun 2006 at 00:24

ChroniC said:
Whats does this mean to the world, surely the effect of this will not og unnoticed?
Can i be expected some utopia soon?

Mebye not a utopia, but maybe AIDS in africa might better be controlled.

We can but hope.

Burnsy

jamoor · 26 Jun 2006 at 00:31

Finally he is actually using his money, this is the guy IIRC who drives a Licoln town car and lives in a 3 bed semi, or something like that.

spirit · 26 Jun 2006 at 00:55

80% of which goes to Gates Foundation, bill&warren are best mates :/

Its Buffett i think though.

Beansprout · 26 Jun 2006 at 00:59

spirit said:
80% of which goes to Gates Foundation, bill&warren are best mates :/

And the Gates Foundation then distributes it to charities accordingly...surely B&W being mates has had a positive effect here in persuading frugal Buffet to give away his dosh earlier than indicated in the past?

mysticsniper · 26 Jun 2006 at 01:15

That is a great thing to do, fair play to him. BTW i have not heard of this chap Buffett, how did he make is money???

Raikiri · 26 Jun 2006 at 01:17

mysticsniper said:
That is a great thing to do, fair play to him. BTW i have not heard of this chap Buffett, how did he make is money???

http://en.wikipedia.org/wiki/Warren_Buffett

he is 76, he doesnt even need the remaining 6.5 billion

MadFruit · 26 Jun 2006 at 01:18

You'd think if he's giving that much away, he would be able to bung a million or two my way - he'd never noticed the difference.

mysticsniper · 26 Jun 2006 at 01:27

Raikiri said:
http://en.wikipedia.org/wiki/Warren_Buffett

he is 76, he doesnt even need the remaining 6.5 billion

Cheers, an interesting read

Oliver · 26 Jun 2006 at 01:31

It's really quite clever how he's giving the money away in increments

freebooter · 26 Jun 2006 at 01:37

So he has spent his entire life working to build a fortune that he didn't need and couldn't use just to give it away. It seems a bit pointless to me.