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TexasTowelie

(116,744 posts) Sun Mar 26, 2017, 08:34 PM Mar 2017

Thanks to Berkshire's success, Warren Buffett is giving away a fortune that just keeps growing

Last edited Sun Mar 26, 2017, 09:16 PM - Edit history (1)

Warren Buffett’s plan to give away his fortune has been only partly successful.

True, he is fulfilling his 2006 pledge to make annual donations of his Berkshire Hathaway Inc. stock to four charitable foundations. The total value of the shares at the time they were given is $23.95 billion.

But over those same years the value of his remaining shares has gained $28.3 billion because the price per share has nearly tripled.

The latest Forbes magazine ranking of the world’s richest people showed Buffett’s $77 billion at No. 2, behind friend and business associate Bill Gates’ $86 billion.

Read more: http://www.omaha.com/money/buffett/thanks-to-berkshire-s-success-warren-buffett-is-giving-away/article_da085fa8-c513-536b-8756-14e1f3c51b3d.html

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Thanks to Berkshire's success, Warren Buffett is giving away a fortune that just keeps growing (Original Post) TexasTowelie Mar 2017 OP
Damn Jonny Appleseed Mar 2017 #1
Putin already has. TexasTowelie Mar 2017 #2
 

Jonny Appleseed

(960 posts)
1. Damn
Reply to TexasTowelie (Original post)
Sun Mar 26, 2017, 09:20 PM
Mar 2017

These dudes could buy entire African countries and private armies comparable to ours. Kinda fucked up when you think about it. How long until a couple supervillains join the top ten and start their own kingdoms?

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