Someone Pass The Collection Plate...
How much did you give to charity last year? $1,000? $10,000? Maybe a little change to that bum in the stadium parking lot? (I actually took that picture in Seattle before the Cowboys/Seahawks game.)
How about Warren Buffett giving $31.7 BILLION to the Bill & Melinda Gates Foundation? I credit a USA Today article for the story.
Now if you don't know who Warren Buffett is, put down the Xbox controller. He's the second-richest person in the world, behind only Mr. Gates himself, and has a very abstemious lifestyle.
According to the article, he's giving away 84% of his stockholdings over the course of several years. The money was originally supposed to go to his family foundation.
One question, though -- at 75 years old, someone must have pissed him off quite a bit to get written out of his will.
And by the way -- at the closing of the NYSE on June 23, Berkshire Hathaway was listed at $92,100 per share. I suppose that's what a 25 return will do to your portfolio.
Labels: Berkshire Hathaway, Bill And Melinda Gates Foundation, Warren Buffett
