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Warren Buffet to donate over £20bn.

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posted on Jun, 26 2006 @ 10:37 AM
Muti-billionaire investor Warren Buffet has pedged to donate the vast majority of his fortune to charity.

The world's second-richest man has pledged to give more than £20bn to charity.

Multi-billionaire investor Warren Buffett has announced plans to give the bulk of his wealth to five charitable foundations.

The 75-year-old chairman of investment firm Berkshire Hathaway is worth an estimated £23bn.

The biggest beneficiary will be the foundation set up by the only man richer than Buffett - Microsoft founder Bill Gates.

The Bill and Melinda Gates Foundation already has assets of around £16bn and has given millions to a wide range of good causes, including fighting HIV/Aids in Africa and improving education in the US.

Mr Buffett's announcement comes after he had previously said that the money would be pledged after his death.


What a cool thing to do, and what a shame more people don't do it.

What would you do with it if you were giving it away? Rule one i guess would be not to let any politicians to within an inch of it!


posted on Jun, 26 2006 @ 10:58 AM
There is actually a previous thread on this, please continue the conversation there:
Warren Buffett To Give Away Fortune

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