Monday, June 26, 2006
Hmmmm, I wonder if he's still single
Warren Buffett Gives Away His Fortune.
...Buffett has pledged to gradually give 85% of his Berkshire stock to five foundations. A dominant five-sixths of the shares will go to the world's largest philanthropic organization, the $30 billion Bill & Melinda Gates Foundation, whose principals are close friends of Buffett's (a connection that began in 1991, when a mutual friend introduced Buffett and Bill Gates)...I realize he has tons of money which allow him to be generous, but I really think Mr Buffett is truly one of the good guys...
...Because the value of Buffett's gifts are tied to a future, unknowable price of Berkshire, there is no way to put a total dollar value on them. But the number of shares earmarked to be given have a huge value today: $37 billion.