Warren Buffet Donating His $44 Billion Wealth

The world's second richest man - who's now worth $44 billion - tells editor-at-large Carol Loomis he will start giving away 85% of his wealth in July - most of it to the Bill & Melinda Gates Foundation.

http://money.cnn.com/2006/06/25/ma [...] /index.htm

WWoWWWw, This is the biggest Selfless act anybody has ever done. Warren buffet (2nd richest man in the world) is donating 38 Billion Dollars to the charity of the Ritchest man in the world. This is the biggest charity donation by any one either one person or an organation of people. 37 Billion this money is only 85% of his wealth and he is already planning on giving the rest of the 25% when he dies. that about a total of 50 Billion dollars. 50Billion dollars. Almost 30% of the problems in the world can be solved with that amount of money. WEll if i had inherited that kind of money (50$ Billion dollars!!!!!!!!!!!!!!!!!!!!!!!) i don't know what the hell i'd do. Go crazy or sometihng. This guy has to be the nicest most generous person in the world ....50 Billion dollars worh of wealthfor Charity. Holy shytt this guy has got to be a god or something.

Yeah, screw inner city youth in America.

I'm all for it. It's about time one of these guys can show how selfless he is with his money. He's keeping a good portion.

One thing can be said.. he's one of the few people who truly knows the value of a dollar.. he's keeping a good portion himself but he's keeping enough to support himself, his investments, etc.

*Starts up the "Cheezy needs new furniture Foundation"*

All donations are eagerly accepted, and will go straight to the needy Cheezy.

Right on brotha.

But its so cool He's got enough money to give eachperson in the world $6.75 and in most countrys thats all you need to cure a disease a sick child has. If this money is spent the way Mr.Buffet intends to let it be spent this would would be a whole lot healthyer and less hungry place

You are such an uptite cynical young lad....I think you should spend a couple of nights a week with Pike 8)

Everyone seems to want some rich person to give them money. They worked their asses off to get the money. Then you have people "give me money."

Go work at McDonald's damnit. They'll give you money and food.

Now they can stop sending me those damn forms, "Donate $12 a month to save a child" or calling me for donations for stupid things.

You know those people who call you up, "Would you donate $50 to the abc Fireman's association?"
Ask them how much goes to the station. It's normally 6% to 12%. They pocket the rest.

Bastards.

This is why i never, ever give money to the homeless. I don't care what their excuse is. When I see a paralyzed midget and a retard ripping tickets at the local movie theater, NO ONE has a good excuse as to why they can't work. Unless ur a fuc*king parapalegic and need a respirator, I don't want to hear it.

We had some guy running around in a wheelchair for 3-4 years around here. He sat outside the mall and would peddly people all the time. And he was a nice guy, everyday he was out there and he wouldn't always take your money or he would be modest about what he needed. He didn't sit around spending the money on booze or anything.

A news crew followed him around calling him a 'pest' without him knowing about it.

Jackass was pulling in around $70,000 a year peddling 4-6 hours, 4-6 days a week. He had a big house, nice car, all this crap. He had a job at one point, quit, started doing that and made a good living.

And he was perfectly fine to walk.

So you're saying I should drop out of high school, and work at McDonald's for like $6/hours for 16 hours a day for the rest of my life? Yea, you do that.

yeah. that's exactly what I'm saying. nah, i'm kidding.

seriously though, i was pulling in $9.50/hr when i was in high school. worked at a covergys call center doing tech support for Gateway 2000. i think i worked 20hrs a week or something. maybe a little more. $9.50 was good money back in 1996.

It's focking obvious to see why you aren't a billionare...85% and 25% add up to 110%!

...*sbd fart aimed up north*...

I don't judge people on what they do, I judge on how they treat me.

Seriously.. no one ever asks him what he's using the money for, everyone just assumes he's a drunk/drug addict, but he's not. He works for it. Hits the streets, deals with peoples attitudes and assumptions. He's not going around begging and pestering, he just sits in random places looking sad... could call him a street performer of sorts.

Also he's very fun to be around, always has stories, and always smiling

So if a friend offered you $100, just because he had some extra money, you wouldn't take it? If your parents gave you a bit of green, you would turn them down?

Hey, I want all the free money I can get, but I don't go around asking for it or expecting Willie Gates to give it to me... So that's rude?

Thats not the same thing.

Sorry folks but this one gets a Dostoyevskian length rant...

Q: What makes him any better then the little old lady on a fixed income chucking $2.00 into the offering plate every sunday,forcing her to skip a meal sometime during the week?

A: It dosen't. Frankly her two dollars impresses me more.

Why you ask? ...Because he's sacrificed nothing. Her $2.00 is badly needed to sustain her existance, his (even though it represents the bulk of his wealth) will not affect his quality of life 1 little bit.

Is it a noble thing he's done? Yes without question. I only wish the rest of the Forbes 400 would follow his lead.

Now lets examine the "Nobility" of this deed by 1st asking a question.
Why did he wait until he amassed this great fortune before deciding to toss it to the little people of the world?
Did he recently suffer a great personal loss or witness first hand something so horrific as to re-direct his moral compass?

People in his position get to the top usually by one of two paths; either by stomping on every thing & everyone that blocks his advance,or by wearing blinders as his /her subordinates do the stomping for him while he resides in a protective bubble that deflects all moral repose back to the evil subordinates.

Is this an act of attonement? Maybe. Only he knows the answer to that question.Or is he so competitive that realizing he'd never over take ole' Bill Gates on the Forbes list that he found a new way to assert his Greatness over Bill by showing the world wealth dosen't really matter to him?...Balls in your court Bill.

Now not for one second do I believe that The wealthy should be "Obligated" to share the fruits of their labor. (pretty much why I lean to the conservitive republican side) But I do believe everyone has a moral responsibility to help those who Can not not will not help themselves.

Nor do I believe all men/women of power are evil bastards (but a whole shitload of them are)
Case in point... The worst President of the U.S. in my lifetime also happens to be (imo) the Greatest human being to hold that office in the past five decades, Jimmy Carter could remain holed up somewhere on an estate in a life of leisure yet he's out daily swinging a hammer & taping some dry wall. While all the celebritys get their ceremonial picture taken for Habitats for Humanity holding a shovel & then are whisked off to do P.R. spots on Good Morning America, Jimmy grabs that shovel & starts digging.

I give regularly to charitys...What I think I can spare without pinching my pocket too much... Not even close to the nobility of the old ladys $2.00 yet in perspective much more than Mr. Buffets donation in relation to how much it hurts the pocket.

In summation Bravo Mr. Buffet I hope your an example others will follow,but don't think this act will make me respect you more as a human being....

Can I have a dollar?

'A man asked God, "What's a million years to you?"'

I was moved when I noted this week that the man had been so gracious and forthright in giving so much; he also gave to the right foundation.

Truly, such philanthropic actions are wonderfully inspirational.

It's focking obvious to see why you aren't a billionare...85% and 25% add up to 110%!

...*sbd fart aimed up north*...

It's Obvious to See you a Fukking Dumb ass His "personal assets" are estimated at $44 Billion And if you read carefully he also has a few more billions which are'nt exactly his personal asset but he owns which round out to $50-52 Billion Dumbfukkin a$$ so the 110% Your refering to is actually his 100% because he had more "total assets" then "personal wealth" dumbfukkin a$$ _WW_

That's one of the worst excuses ever. Just admit that either you can't add or you just made a simple typo. [i]Then [/i ]die.