BUFFETT FOUNDATION
Steve Ballmer is richer than Bill Gates, a first for Microsoft billionaires
Steve Ballmer surpassed Bill Gates to become the sixth-richest person globally, as Microsoft shares hit a record high, gaining 21% this year. Ballmer's net worth reached $157.2 billion, mostly in Microsoft shares, while Gates' diversified $156.7 billion fortune includes investments through Cascade Investment. Gates' wealth has reduced due to philanthropy, having donated nearly $60 billion to the Gates Foundation. Ballmer, who hasn't signed the Giving Pledge, focuses on smaller-scale philanthropic efforts. He succeeded Gates as Microsoft's CEO in 2000 and retired in 2014, later buying the Los Angeles Clippers.
The Warren Buffett Legacy: What's next for his billions?
Warren Buffett, chairman of Berkshire Hathaway, has revised his will to redirect his considerable fortune away from the Bill & Melinda Gates Foundation posthumously. Instead, Buffett plans to allocate his wealth to a new charitable trust managed by his three children, expressing confidence in their values and ability to distribute the funds effectively. This decision marks a significant shift from previous plans where the Gates Foundation and family-related charities were primary beneficiaries of over 99% of his estate.
Warren Buffett donates record $5.3 bln Berkshire shares
Warren Buffett is donating another $5.3 billion of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and four family charities, his biggest annual donation since he began making them in 2006.
Unlock stock market success: Time-tested lessons from Warren Buffett, the invincible investment icon
Are you considering enrolling in a stock market learning course or being financially free by setting smart financial goals? Gain perspectives from some of the timeless lessons from the storied journey of Warren Buffett.
OpenAI's Sam Altman pledges to donate over half of his fortunes
The move comes after a tumultuous six months for Altman, the co-founder of the San Francisco-based company behind ChatGPT and a venture capitalist who Forbes says amassed much of his $1 billion through investments.
Philanthropic Titans: Warren Buffett, James Simons, and Phil Knight lead 2023's generosity league
The year 2023 witnessed an exceptional surge in philanthropic acts, surpassing $3.5 billion in charitable contributions. Warren Buffett led the charge, donating $541.5 million to the Susan Thompson Buffett Foundation. James Simons and Ross Brown followed suit with $500 million and $400 million pledges, impacting education and scientific research. Notably, Phil Knight and Daniel Gilbert contributed $400 million and $375 million respectively to uplift communities and advance healthcare. These extraordinary acts spotlight a year of remarkable generosity, shaping a brighter tomorrow.
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Billionaire Warren Buffett says he will have a ‘simple’ & public will
Warren Buffett, the world's ninth-richest person with a net worth of $120.8 billion, announced in a Thanksgiving letter that the disposition of his fortune to charitable causes after his death will be open to public scrutiny.
Warren Buffet donates Berkshire Hathaway shares to children's foundations at Thanksgiving
"My children, along with their father, have a common belief that dynastic wealth, though both legal and common in much of the world including the United States, is not desirable," Buffett said in the statement, adding that after his death, his children would act as trustees of a charitable trust that would inherit 99 per cent of his wealth.
Warren Buffett, 93, donates more Berkshire stock, assures 'I feel good'
The donations supplement the $759 million of Berkshire stock that Buffett donated to the charities at this time last year, also just before the U.S. Thanksgiving Day holiday.
I Drank Water From Fecal Sludge: Weird Things that Bill Gates Did For A Cause
Bill Gates on several occasions has mentioned some of the weirdest things he has done for a cause. The billionaire philanthropist through such peculiar acts has brought sanitation issues to notice through the Bill and Melinda Gates Foundation.
Ace investor and Berkshire Hathaway CEO Warren Buffett turns 93
Warren Buffett, CEO of Berkshire Hathaway, celebrated his 93rd birthday on August 30th. He is the fifth richest person in the world with a net worth of $118.3 billion. Buffett recently donated $27 million of Berkshire Hathaway stock to an unnamed charity, as part of his plan to give away his fortune. Berkshire Hathaway also disclosed new investments in homebuilders DR Horton, Lennar, and NVR. Buffett's investment wisdom continues to inspire investors globally.
Warren Buffett donates $27 million Berkshire stock
Buffett still owns 218,237 Class A shares of Berkshire, for an approximately 15% stake in the Omaha, Nebraska-based conglomerate he has run since 1965.
Astrid Buffett, wife of billionaire Warren Buffett, complains about Rs 328 coffee
Astrid Buffett, the wife of billionaire investor Warren Buffett, expressed surprise at the cost of a cup of coffee during a recent event. The reported $4 per cup left her taken aback. Warren Buffett himself suggested finding more reasonably priced coffee elsewhere. This incident reflects the contrast between their immense wealth and preference for frugality.
In 17 yrs, Warren Buffett pledged over $50 bn to Gates Foundation, other philanthropic organisations
After 17 years, Warren Buffett has given over $50.7bn to philanthropic foundations, including the Bill & Melinda Gates Foundation and four related to his family. After donating 10 million shares of his Berkshire Hathaway Class B stock, valued at $36.1bn, to the Gates Foundation in 2006, he ultimately exceeded his five original pledges of over $43.5bn combined, with annual payments.
Berkshire AGM: Investment wisdom, succession plan among 10 things Buffett may speak on
Like always, investors world over are looking forward to the meeting as Buffett and his good old friend Charlie Munger, who is the vice chairman of the world’s 6th most valuable company, will answer a plethora of questions from stakeholders.
How Buffett turned a few calls into 3,787,464%
The acquisition sparked Buffett’s love affair with “float.” His biographer Alice Schroeder remarks: “To someone like Buffett, having other people’s money to invest, on which he kept the profit, was catnip.”
Do great companies make great investments? This Buffett bet is a case in point
Many long-term investors often draw inspiration from Warren Buffet, so let me use one of Berkshire’s investments as a test case to debunk that myth. The investment in question is Coca-Cola (KO) - one of the largest beverage companies in the world, the second-largest holding at Berkshire Hathaway.
Warren Buffett donates over USD750 million to his family charities
Buffett has been making annual donations to the same five charities every year since 2006 when he unveiled a plan to give away his fortune over time, with the Gates Foundation receiving the biggest donations. Wednesday's donations mark the first time the 92-year-old has made a second major gift within the same year.
Timeless wisdom: Warren Buffett's old video has vital tips for investors
The ace investor, who first bought stock at age 11 and first filed taxes at age 13, was speaking during Berkshire Hathaway's 1994 annual meeting when he cautioned investors to not put too much faith in projectections or forecasts.
Warren Buffett's signed portrait fails to reach the million-mark, fetches a little over $75K at auction
Earlier this year, someone paid $19 million for a private lunch with the billionaire.
Billionaire Warren Buffett signed portrait is a hit already, bids top $30K
The proceeds from the art auction will go to Girls Inc. of Omaha.
A teary Bill Gates goes back in time, recalls Warren Buffett's friendly donation worth $36 bn since 2006
The Microsoft founder said he was grateful to have a friend like Buffett.
Buffett to auction off one last private lunch for charity
Buffett, Berkshire Hathaway's CEO, held the lunch auction once a year for 20 years before the pandemic began to raise money for the Glide Foundation, which helps the homeless in San Francisco. The auction has been on hiatus for the past two years, but Glide said Monday - a few days before thousands of shareholders are expected to gather at this week's Berkshire annual meeting - that the event will be revived this year.
Warren Buffett's Berkshire bought Activision shares before Microsoft takeover
Investors monitor Berkshire's investments closely to see where Buffett and his investment managers Todd Combs and Ted Weschler see value.
Warren Buffett overtakes Mark Zuckerberg as value stocks beat tech stocks
Warren Buffett’s net worth has risen $2.4 billion this year to $111.3 billion. He now tops Mark Zuckerberg by $1 billion, and is at his highest ranking on the Bloomberg index since last March.
The same house of 6 decades, donating 99% of his wealth: Why Warren Buffett is a model for his billionaire peers
Buffett does not fit neatly into any box, exhibiting characteristics for almost everyone to like or dislike.
Berkshire Hathaway appears to buy back more stock
Berkshire owns several dozen businesses including the BNSF railroad and Geico car insurance, and stocks such as Apple Inc and Bank of America Corp.
By exiting, is Warren Buffett escaping potential messiness of the Gates split between his 2 longtime friends?
The divorce put Buffett in an awkward position as tie-breaker for the two exes.
Warren Buffett resigns as trustee of Gates Foundation
"For years I have been a trustee - an inactive trustee at that - of only one recipient of my funds, the Bill and Melinda Gates Foundation. I am now resigning from that post, just as I have done at all corporate boards other than Berkshire's," Buffett said in a statement.
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