Ahead of Giving Tuesday, Warren Buffet once again donated hundreds of millions of dollars.
A few months ago, I wrote about Warren Buffett, the richest person in Omaha, and his devotion to giving his fortune away. And this week, he proved that by gifting another $750 million. The man known as the Oracle of Omaha donated more than $750 million in Berkshire Hathaway stock to the four foundations run by his family.
In 2010, in conjunction with fellow billionaire Bill Gates, Buffett launched the Giving Pledge, asking billionaires to pledge at least half of their wealth to charitable causes. Buffett aims to beat his stated aim of giving away half, pledging, in fact, to give away more than 99% of his fortune.
"More than 99% of my wealth will go to philanthropy during my lifetime or at death. Measured by dollars, this commitment is large. In a comparative sense, though, many individuals give more to others every day." Warren Buffett
He has never been flamboyant and doesn't spend money on expensive cars and houses. Instead, he prefers to donate his money.
Forbes has called him the greatest philanthropist of our time, stating that Buffett has given $48 billion away over his lifetime- the first person ever to give away this much. Most of his donations have gone towards poverty, healthcare initiatives, and education.
"Over many decades I have accumulated an almost incomprehensible sum simply by doing what I love to do. I've made no sacrifice nor has my family. "Compound interest, a long runway, wonderful associates and our incredible country have simply worked their magic. Society has a use for my money; I don't." Warren Buffett
Readers, what do you think of Buffett's generosity? What organizations in Omaha would you like to see him support?
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