Warren Buffett is no longer donating his money at death to the Gates Foundation
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Re: Warren Buffett is no longer donating his money at death to the Gates Foundation
#2I guess he was just buying time and goodwill from the masses with his announcements. What a disappointment. I guess the wealthy really did win the class war.
Re: Warren Buffett is no longer donating his money at death to the Gates Foundation
#3Whats more surprising, imo, is that anyone is surprised by this.
Re: Warren Buffett is no longer donating his money at death to the Gates Foundation
#4Dang, his kids are right behind him. Anyone of them could keel over tomorrow.
Re: Warren Buffett is no longer donating his money at death to the Gates Foundation
#5I guess he was just buying time and goodwill from the masses with his announcements. What a disappointment. I guess the wealthy really did win the class war.
Quite possibly he did mean it at the time. However, since the announcement that it would be going to the Gates Foundation, uh, Bill Gates' reputation has had a rough time. Also, it was the Bill & Melinda Gates Foundation at the time, and they (and their money and charitable endeavors) have since split, so if it was Melinda Gates' instincts and skills on charitable giving that he was counting on when he made the initial announcement, that might be a reason for pulling back.
Re: Warren Buffett is no longer donating his money at death to the Gates Foundation
#6I wonder why they do not start giving a way money while still alive, SO ( I would expect) they can see some of the transformative effects of their giving ?
Re: Warren Buffett is no longer donating his money at death to the Gates Foundation
#7Bill’s sex life may cost the world a $100B+, as Warren’s kids don’t appear to be on the same required wavelength.
Re: Warren Buffett is no longer donating his money at death to the Gates Foundation
#8I remember when the pledge was made initially, and I remember wondering if it would stick since it was not a binding agreement.
Re: Warren Buffett is no longer donating his money at death to the Gates Foundation
#9Buffet loves making money, is may be the wrong guy to give it away.
Based on his article, his children seem very locally oriented rather than global visionaries.
If I was him, I would not leave this to my kids, who may never agree on much, and then there is zero impact and the pile of cash just sits there doing nothing.
The Scottish billionaire Tom Hunter (who go rich from selling shoes) hired a team of 30 who spent a decade working of charitable giving (spending Tom's one billion pounds donation, which if I remember correctly was at least at the time the largest one in UK history).
Re: Warren Buffett is no longer donating his money at death to the Gates Foundation
#10Have you guys recently checked the assets on the Balance Sheets of Corporations?