Warren Buffet started process of giving away 99% of his wealth

[Yuri]

The billionaire investor Warren Buffett has donated $1.6bn (£1.05bn; 1.5bn euros) to the charitable foundation created by Microsoft founder Bill Gates and his wife Melinda.

In all, he donated shares worth $1.93bn to five foundations.

The rest went to foundations set up in the name of Mr Buffett's late wife, Susan, and their three children.

Mr Buffett, who owns the investment company Berkshire Hathaway, pledged in 2006 to give away 99% of his wealth.

This year's donation is higher than the figure of $1.5bn donated in 2009 because Berkshire Hathaway has improved its performance.

Largest donation

Mr Buffett is a trustee of the Gates Foundation, which supports projects including polio eradication, micro finance and university scholarships.

The Gates Foundation employs 830 people and spent $3bn (£1.97bn) last year.

The Susan Thompson Buffett Foundation provides scholarships for American college students.

Mr Buffett still holds about $43.9bn of Berkshire stock, or 23.3% of the total outstanding, according to documents filed with the US Securities and Exchange Commission on Friday.

In 2006, Mr Buffett made the largest philanthropic donation in US history, giving $37bn to the Gates Foundation.

In June, he and Mr Gates called on American billionaires to pledge at least half their wealth to charity.

Following their charitable donations, Mr Buffett and Mr Gates are now the world's second and third richest men respectively, behind the Mexican billionaire Carlos Slim.

[Guest Triple XXX]

props to him

[zlastboss]

old news guys tryin to buy his way into heaven

[Platinum50]

Gettin all that money n jus giving it away must feel so sick.

Good on him though, saw a docu on bill gates foundation n their sholarships n grants for us minority students, they do alot of good stuff

[Supermalt]

i wanna be a billionaire so freaking bad. I can honestly say i would do the same.

but more importantly yuri is ur avi.

identification pls.

[imhim]

i wanna be a billionaire so freaking bad. I can honestly say i would do the same.

but more importantly yuri is ur avi.

identification pls.

u no wot im sayin...

[Mame Biram Diouf]

hope yaya toure does the same with Ivory Coast kids in poverty and his 200k a week wages

[Trilliam]

id have a carpet of pre pubscent african slave boys to walk on

alarm bells tbh

clearly money means nothing to him, bastard

[VENOM]

nonoe fo those american billlinairs ave any swagger

u jus know carlos slim has probably bodied half the population to get to the top in mexico

cant see him giving his money away.. same goes the laksmi mittals of the world

bin laden is probably the richest man "in" afghanistan. pissed

[Yuri]

nonoe fo those american billlinairs ave any swagger

u jus know carlos slim has probably bodied half the population to get to the top in mexico

cant see him giving his money away.. same goes the laksmi mittals of the world

what's the difference between having 50 billion and 30 billion though?

what else can you really buy with an extra 20 billion when you've already got 30 billion?

[Guest Esquilax]

nonoe fo those american billlinairs ave any swagger

u jus know carlos slim has probably bodied half the population to get to the top in mexico

cant see him giving his money away.. same goes the laksmi mittals of the world

what's the difference between having 50 billion and 30 billion though?

what else can you really buy with an extra 20 billion when you've already got 30 billion?

Well if you're wanting to buy something that costs 21 billion and you only have 20 billion then you're gonna be a bit pissed

[Francis Coquelin]

waste

he should be using that money to create a dynasty

spawn a dozen or so kids and plant them in different industries and sectors i.e. medical, pharmaceutical, agriculture, technology, defence, politics, media, etc

sort of like the rothschilds...only instead of raping and plundering they'd be be advancing mankind

thats what i'd do anyway

[The Somalian]

big him up man is not gassed just keeps it so so real

no way is yaya on 200k a week

[Jefferson]

wait, still no id on the avi?

*leaves*

[Badman]

waste

he should be using that money to create a dynasty

spawn a dozen or so kids and plant them in different industries and sectors i.e. medical, pharmaceutical, agriculture, technology, defence, politics, media, etc

sort of like the rothschilds...only instead of raping and plundering they'd be be advancing mankind

thats what i'd do anyway

He always said he was good at making money but not spending it

fair play really

[streets.]

the extent of my general tyranny would be immense

[Skola]

wait, still no id on the avi?

*leaves*

lol

/

big him up for acknowledging that one person can have a greater purpose than hoarding billions of dollars for the sake of it

[Guest Triple XXX]

f*ck this sh*t id do what hes doin jus give away what i cant spend

the kids would get a piece but f*ck it if ive worked hard so should they

nt that id ever be that rich so all of this is pointless

[Skola]

f*ck this sh*t id do what hes doin jus give away what i cant spend

the kids would get a piece but f*ck it if ive worked hard so should they

nt that id ever be that rich so all of this is pointless

lol we can still imagine

you could spend loads if u really wanted to but, if all the rich people did a little good with their money it would make a massive difference

[Captain Planet]

Reminded me of

[Prince]This 1's 4 the rich, not all of 'em, just the greedy --

The ones that don't know how 2 give[Prince]

I respect this man highly now

[Guest Lemons]

I would have so many golden lengs it would be disgusting.

And I'd have a jet pack.