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Warren Buffett gives away his fortune

June 25, 2006
insider

We were sitting in a Manhattan living room on a spring afternoon, and Warren Buffett had a Cherry Coke in his hand as usual. But this unremarkable scene was about to take a surprising turn.

"Brace yourself," Buffett warned with a grin. He then described a momentous change in his thinking. Within months, he said, he would begin to give away his Berkshire Hathaway fortune, then and now worth well over $40 billion.

As part of his plan, Warren Buffett is sending letters to each of the five foundations that will be receiving his gifts. The letters may be found on Berkshire Hathaway's Web site. (See the letters)





This news was indeed stunning. Buffett, 75, has for decades said his wealth would go to philanthropy but has just as steadily indicated the handoff would be made at his death. Now he was revising the timetable.

"I know what I want to do," he said, "and it makes sense to get going." On that spring day his plan was uncertain in some of its details; today it is essentially complete. And it is typical Buffett: rational, original, breaking the mold of how extremely rich people donate money.

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Rating: 1.0/5 (1 vote)

Comments

abseco
Abseco - 8 years ago
dear sir,

i am so glade to send u , but realy i don't know if i am sending to Mr.Warren Buffett ,so please Sir can u send to me the direct email or any related email of Mr.Warren Buffett .


Thanx

Email Address :

Khabseco10@hotmail.com
gurufocus
Gurufocus premium member - 8 years ago
I am sorry that we are not affiliated with Mr. Buffett. If you want to contact him, you should go to his website at: http://www.berkshirehathaway.com/

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