Wednesday, December 14, 2016

Warren Buffett

Warren Buffet Notes:

http://www.biography.com/people/warren-buffett-9230729#record-breaking-donation
  • Considered the most philanthropical man in the world, the Gates following
  • One of the most respected businessman and richest man in the world
  • Born in 1930
  • Owned Buffet Partnership by 1956
  • By 1965 he had control of Berkshire Hathaway
    • Oversaw growth with media, food, beverage, and insurance industry
  • Started making investments at very young ages (first being at 11)

In 2006, committed to donating 85% (37 Billion) of his money to the Bill and Melinda Gates FoundationCommitted to giving all his money to philanthropy
  • Made the Giving Pledge campaign to make more wealthy individuals involved in philanthropical events
  • This year he started "Drive to Vote" to encourage people of Nebraska to vote 
Bill and Melinda Gates Foundation
  • Enhance healthcare and end extreme poverty
  • Donates to many different charities
    • Financial Services to the poor (Helps millions of families out of poverty)
    • Agriculture Development Organizations 
    • Water, sanitation, and hygiene
Bill and Melinda Gates Foundation
  • Works on ending poverty in the world, helping schools in the US, and improving technology for birth control
Foundations of donation
  • Girls Inc. 
  • Bill and Melinda Gates foundation (Donated 37 Billion)
  • Animal Rescue foundation
  • Glide
  • James Redford Institute for Transplant Awareness
  • Make-A-Wish Foundation
  • Music Rising
  • NoVo Foundation
  • Smile Train
What fortune will he give to kids?
  • "Enough money so that they would feel they could do anything, but not so much that they could do nothing"
Why does he do it?
  • Ever since he became wealthy, him and his wife Susan felt they should always give back to society because that is how they made the wealth
  • Believed the wealthy should work on philanthropy that will last for 20 years and in the future, and middle class should work on philanthropy today

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