Buffet Gives Away Billions

**bigss75** · 06-26-2006, 03:53 PM

Warren Buffet To Donate $37 Billion To Gates Foundation

June 26, 2006 2:22 p.m. EST

Julie Farby - All Headline News Staff Writer

New York, NY (AHN)-Warren Buffett, the world's second-richest person, is donating about $37 billion-more than 80 percent of his fortune-to foundations run by his friend Bill Gates and by the Buffett family.

The announcement by the 75-year-old Buffett comes just days after Microsoft Chairman Gates said he would move away from his day-to-day role at the software giant to focus more on charity work, and highlights the close friendship of the world's two richest men.

According to the Reuters report, the 50-year-old Gates is a bridge partner of Buffett's and a director of Berkshire Hathaway, Buffett's investment firm. Buffett also serves on the board of the Washington Post Co. with Gates' wife Melinda.

According to Stacy Palmer, editor of the Chronicle of Philanthropy, Buffet's donation is the largest commitment to a philanthropic cause ever made by one person in the United States. Palmer says, "Even if you look at what (John D.) Rockefeller and (Andrew) Carnegie gave historically -- even if you do it in today's numbers, it doesn't come close to that."

The Gates foundation is one of the world's richest philanthropic organizations-committing millions of dollars to fighting diseases such as malaria and tuberculosis in developing countries, and to education and library technology in the United States.

According to Forbes magazine, Buffett, chief executive of Berkshire Hathaway, is worth an estimated $44 billion, making him the world's second-richest man behind Gates, who is worth about $50 billion.

In a letter to Gates and his wife, Buffett writes: "You have committed yourselves to a few extraordinarily important but underfunded issues, a policy that I believe offers the highest probability of your achieving goals of great consequence."

**bigss75** · 06-26-2006, 03:54 PM

Warren Buffet is probably my favorite of all the billionaires because his investment style is so effective and the man despite his billions is one of the most frugal men in the world.

**bigss75** · 06-26-2006, 03:55 PM

He drives around in a caddy from the late 80s/early 90s and lives in a house he brought for under 50 grand.

**SuperFlex** · 06-26-2006, 06:12 PM

Originally Posted by bigss75

He drives around in a caddy from the late 80s/early 90s and lives in a house he brought for under 50 grand.

That's retarded...

Lmk when he starts taking paypal addresses please!

**SuperFlex** · 06-26-2006, 06:14 PM

Originally Posted by bigss75

Warren Buffet To Donate $37 Billion To Gates Foundation

June 26, 2006 2:22 p.m. EST

Julie Farby - All Headline News Staff Writer

New York, NY (AHN)-Warren Buffett, the world's second-richest person, is donating about $37 billion-more than 80 percent of his fortune-to foundations run by his friend Bill Gates and by the Buffett family.

The announcement by the 75-year-old Buffett comes just days after Microsoft Chairman Gates said he would move away from his day-to-day role at the software giant to focus more on charity work, and highlights the close friendship of the world's two richest men.

According to the Reuters report, the 50-year-old Gates is a bridge partner of Buffett's and a director of Berkshire Hathaway, Buffett's investment firm. Buffett also serves on the board of the Washington Post Co. with Gates' wife Melinda.

According to Stacy Palmer, editor of the Chronicle of Philanthropy, Buffet's donation is the largest commitment to a philanthropic cause ever made by one person in the United States. Palmer says, "Even if you look at what (John D.) Rockefeller and (Andrew) Carnegie gave historically -- even if you do it in today's numbers, it doesn't come close to that."

The Gates foundation is one of the world's richest philanthropic organizations-committing millions of dollars to fighting diseases such as malaria and tuberculosis in developing countries, and to education and library technology in the United States.

According to Forbes magazine, Buffett, chief executive of Berkshire Hathaway, is worth an estimated $44 billion, making him the world's second-richest man behind Gates, who is worth about $50 billion.

In a letter to Gates and his wife, Buffett writes: "You have committed yourselves to a few extraordinarily important but underfunded issues, a policy that I believe offers the highest probability of your achieving goals of great consequence."

I like both of these guys a lot. They make a true impact with what they've been blessed with...

**cappo5150** · 06-26-2006, 06:35 PM

Where do I sign up for my million dollars?

**fufu** · 06-26-2006, 06:35 PM

Yeah I'd be happy with a mere million.

**bigss75** · 06-26-2006, 06:41 PM

He's barely giving his kids a million bucks.

**cappo5150** · 06-26-2006, 06:45 PM

Originally Posted by bigss75

He's barely giving his kids a million bucks.

What a terrible father.

**bigss75** · 06-26-2006, 06:48 PM

well he is donating a billion to each of their charities so its not that big of deal.

**TJ Cline** · 06-26-2006, 07:54 PM

Who cares about some rich guy who will still have billions...after he gives some of his money away......sounds like another sinner trying to buy his way into heaven.

**SuperFlex** · 06-26-2006, 07:56 PM

Originally Posted by ForemanRules

Who cares about some rich guy who will still have billions...after he gives some of his money away......sounds like another sinner trying to buy his way into heaven.

That's a good start...if from the heart.

**bigss75** · 06-26-2006, 07:56 PM

Originally Posted by ForemanRules

Who cares about some rich guy who will still have billions...after he gives some of his money away......sounds like another sinner trying to buy his way into heaven.

Do you know anything about this guy?

**Prince** · 06-26-2006, 07:56 PM

Hmmm...I wonder if he would be interested in investing in IronMagLabs?

**TJ Cline** · 06-26-2006, 07:57 PM

Originally Posted by bigss75

Do you know anything about this guy?

I know that many people give more of what they have and no articles are written about them.

**SuperFlex** · 06-26-2006, 07:57 PM

Originally Posted by Robert DiMaggio

Hmmm...I wonder if he would be interested in investing in IronMagLabs?

If he is can we save at least 30% off supps?

**bigss75** · 06-26-2006, 08:00 PM

I dont know of any person that has donated 37 billion dollars just to the Gates foundation and the rest of his wealth split between the three other charities at his death.

**bigss75** · 06-26-2006, 08:01 PM

Or someone who is a better investor

**TJ Cline** · 06-26-2006, 08:03 PM

Not more $$$ but more of what they have....read the Bible, it has a well known and quoted story about this very subject.

**maniclion** · 06-26-2006, 08:04 PM

Who cares about Warren Buffet? When's Jimmy Buffet coming back to Hawaii?

**bigss75** · 06-26-2006, 08:11 PM

Originally Posted by ForemanRules

Ultra-religious fucks are the dumbest and lowest form of human life.

Wouldn't expect you to use the Bible, there are tons who donate there lives to help, but food, vaccines, schools, and libaries arent free.

**bigss75** · 06-26-2006, 08:12 PM

Originally Posted by maniclion

Who cares about Warren Buffet? When's Jimmy Buffet coming back to Hawaii?

Yeah when is he coming to Colorado

**BigDyl** · 06-26-2006, 08:14 PM

True Story, after they compile a hundred billion or so, they'll contribute it to BigDyl's Emo Foundation.

**TJ Cline** · 06-26-2006, 08:19 PM

Originally Posted by bigss75

Wouldn't expect you to use the Bible,

You don't have to be a member to quote a book.

**cappo5150** · 06-26-2006, 09:30 PM

Originally Posted by BigDyl

True Story, after they compile a hundred billion or so, they'll contribute it to BigDyl's Emo Foundation.

Also known as GLAAD

**MyK** · 06-26-2006, 09:34 PM

anyone see the irony in giving $37 BILL to the richest man in the world!!!

lol, Warren Buffet is so rich, he hired Bill Gates to give his money away!! wtf??

**SuperFlex** · 06-26-2006, 09:39 PM

Originally Posted by MyK

anyone see the irony in giving $37 BILL to the richest man in the world!!!

lol, Warren Buffet is so rich, he hired Bill Gates to give his money away!! wtf??

I thought the same, but he must know Gates is going to do the most with it... He trust him.

**MyK** · 06-26-2006, 09:40 PM

Originally Posted by SuperFlex

I thought the same, but he must know Gates is going to do the most with it... He trust him.

I think so too! but I still like the irony

**SuperFlex** · 06-26-2006, 09:54 PM

Originally Posted by MyK

I think so too! but I still like the irony

No doubt man. I don't understand why he doesn't give/use it as he sees fit personally. That would be the joy of it...

**myCATpowerlifts** · 06-26-2006, 10:27 PM

Originally Posted by MyK

I think so too! but I still like the irony

I saw this story on t.v. today, and thought the exact same thing.
Why give billions to bill gates? ....

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