Billionaire Buffett to give away $37bn
· Largest donation in US history goes to Gates fund
· Charity giveaway is 85% of 75-year-old's fortune
Source: The Guardian
“It is a gift of unprecedented proportions and will send shockwaves through the world of super-rich philanthropy. The world's second richest man, Warren Buffett, is to give the world's richest man, Bill Gates, the largest charitable gift in history - an estimated $37bn (£20bn). The 75-year-old doyen of the global investment community has pledged to give 85% of his stock in the investment company Berkshire Hathaway to the Bill and Melinda Gates Foundation started by Microsoft co-founder Bill Gates.”
Major news that will have a huge impact on global philanthropy. Expect many billions more to be released as others follow their example in a great effort to shape future history in the poorest nations and to help build a better world.
Almost every high net worth person I know has their own personal foundation or is about to set one up… all part of this same intense desire to make a difference in lasting ways.