Bravo Buffet.
I'm sorry this is away from my usual theme of sarcasm, mockery and girly non serious stuff, but this made me speechless.
$44 BILLION.
I'm gonna write again....Fourty four billion dollars!!!!
This man has definitely secured himself a place in heaven. He gave 85% of his Berkshire stock to charity. 85%!!!
Now thats real philanthropy. I wonder if our billionare compatriots would ever go as far as donating even 40% of their riches. 6aal! They wouldn't even drop 250 grand. I wonder if the proclaimed religious zealots would donate their riches to worthy causes such as this....instead of foolish terrorist projects.....
I am stupefied. Flabbergasted. Amazed. And utterly touched.
posted by Closet Diva @ 26.6.06
11 comments
11 Comments:
jash,
44 bil is considered the largest donation in US history.
Maybe he's going to die soon?
He said he'll do it awhile back. Well I'll be damned..
Whatever will happen to his grand kids & to the other 15% of his money?
Bravo, we need more people like him.
When I read it in the news yesterday, I was speechless!
jash,
ee walla ur right. Rabi3na the more they acquire, the more cutt-throat and blood thirsty they get to monopolize everything to themselves! Our hungry society lacks the spirit of generosity and philanthropy that used to exist..back in the day.
N.A,
his grandaughter (did u see her on Oprah) is a regualar employee, living on paycheck to paycheck. Can u believe thaaaat!
sexyG
I still can't digest that this man worked his whole life, amassed all this wealth, and is giving almost all of it away. Mashallah.
That is one big buffet.
Wow, I am speechless :-X
zanzoonaah :p
wela yehimich habeebti, I'll call Warren Buffet right now, and tell him to write to IRS to demand that his 44 billion contribution to charity gets taxed, so that he gets less net income for the year. Would that make you feel better hun? :p
I dont think we hear about poor people stealing because its not so sensational or scandalous. Sadly we are a society that lives off of sensationalism.
But its certainly interesting(interesting is a euphemism for "appalling")that in our country, already wealthy bigshots will not hesistate to steal shitloads of kuwait's money, and get away with it. Those that do miraculously get a court order against their crimes end up hastily fleeing the country, and live in places like the Bahamas, where they lounge on white sands, sip martinis and play golf :).
purgy,
I believe this is the FIRST time you've succeeded in being funny on my blog :)
mi linda clv,
philanthropy's beautiful, honorable thang.
i feel sorry for his grand daughter . 7alat-ha kanat sa3ba.
oracle,
y3ni lazim ityeeb mawthoo3 il elections (& your insinuations on some candidates) on my warren buffet post!! :p
xoxo
CD
His children will be millionairs, not billionaires. He has always said that he would provide his children with enough to do anything they want, but no so much that they wouldn't have to work. He calls trust funds "welfare for the rich." His grandchildren will be provided with an education etc, but they will have to earn their own billions (if they want that) just like he did.
When he dies, he has said that most of the rest of his money will go to charity as well.
Also -- 37 billion of this give-away will go to the Bill and Melinda Gates Foundation which is spending a fortune to eliminate childhood disease in the 3rd world - ie Africa, South East Asia and South America. They are funding research for drugs and vacines that kill children in these countries (that are unheard of in the west) and to vacinate children. AIDS cure and prevention is also an area they spend a lot on. Buffets money will double what they have already put in (they give 1/3 of their yearly income to their foundation) and will permit them to do a lot more.
thats stupendously fantastic but i agree to what zin zin says that its tax detuctable...which makes me wonder if it was really a matter of charity ?...on the otherhand i consider our government the most 'philanthropist' out of all the other countries in the world...eg.for the hurricane katrina incident last year kuwait donated about 500 million dollars which is amazing!!!....and so this also made me wonder why our masses of riches arent re-invested into our country? say constrcuting the city? making it more of a real metropolis? anyways just a thought really...made me think!! :)
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