Buffett donates $30 BILLION to the Gates Foundation

[sputnik]

Just incredible. Warren Buffett announced today that his is donating 80% of his wealth to the Gates Foundation.

Gates Foundation press release. Check out the video.

http://www.gatesfoundation.org/AboutUs/RelatedInfo/Discussion-060626.htm

Fortune Magazine article.

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

Interview with Warren Buffett.

http://money.cnn.com/2006/06/25/magazines/fortune/charity2.fortune/index.htm

[shakalaka]

Wow...that's totally inane!

[YCB]

So he'll have ~8 billion left.. thats not too bad :D ...

[camby]

The Gates Foundation does good work. Probably better to give them such a lump sum then splitting it all up and giving little chunks to little organizations that do the same thing.

[snade831]

Heard about this. That's awesome! :thumbsup:

[Bill Cosby]

i wish i could have 1 million of that

please it would be sooo easy

1 million please please please

thats all i ask


lol

[tapout]

thats great what nice rich little bastard:thumbsup:

[Altezza]

It's amazing that people have such great generosity after building fortunes during their life.

[Kirbs17]

He must realize his time is coming to an end (hes 75), and is making a donation that rockets him to legendary status. :clap: to Mr.Buffet

[FiveFreshFish]

Holy shit, talk about instant karma. :eek:

[Ajay]

Cheapass....why didn't he donate $37 billion?

Just playing...good on him! :clap:

[/////AMG]

:thumbsup: Good on him.
I'm sure his kids will survive with the 7 billion left. :nut:

[djayz]

Thats totally awesome. This guy is every investors idol...well not every but he sure is mine.
:clap: nice work Mr. Buffet

[Toma]

Guilty conscience for invoking the war clause? Cutting jobs?

Why are all the filthy rich guys such bastards? His way of cleaning his "slate"?

[googe]

Im not sure that is amazing or generous. The guy is 75, couldnt spend a fraction of that money if he tried. Its really not of any value to him. $30B is way more disposable to a guy like him than even 50k is to most average income families.

Of course it isnt bad, but its not like hes left with any less than he had or made any sacrifice whatsoever.

And what kind of self-serving motives cause you to name the "biggest and best" philanthropic organization after yourselves? :)