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W Buffett wants his $96B spent within 10 years of his death

 
Anonymous Coward
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06/28/2022 09:16 PM
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W Buffett wants his $96B spent within 10 years of his death
[link to finance.yahoo.com (secure)]
So reports the Wall Street Journal in a recent investigation of the future of Buffett’s fortune, which is worth $96.8 billion at the time of this article's publication. In 2006, the Berkshire Hathaway CEO pledged to give away 85% of his stock in the company to charity, designating the majority of it to the Bill & Melinda Gates Foundation. Four years later, he vowed to redistribute 99% of his wealth to philanthropy during or after his lifetime.

Of Buffett's $90 billion Berkshire stake, $56 billion will go to the Gates Foundation and $17.4 billion to four family charities, leaving an uncommitted $18.7 billion—all numbers the Journal says could climb if Berkshire shares continue to perform the way they have been. He reportedly wants his billions spent within 10 years of his death

Gates Foundation staffers have been banking on receiving the full amount of both Buffett’s pledged shares and remaining unpledged shares, the Journal reported, having spent years figuring out where to put the money since some Gates Foundation grant recipients were already maxed out.

As wealth inequality and the pay gap widened during the pandemic, a growing number of billionaires have been thinking of more inventive ways to allocate their assets. That includes the idea of a more equitable distribution of money, beginning with kids. It's even reaching the Senate—the Democrat-backed American Opportunity Accounts Act, a proposal that addresses the racial wealth divide by introducing $1,000 baby bonds for all newborns in the U.S.

If Gates staffers carry through with such plans for a worldwide children’s bank, Buffett’s billions could have the same effect across the globe.



GRRRRRRRRRRRRRR
TXP

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06/28/2022 09:24 PM
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Re: W Buffett wants his $96B spent within 10 years of his death
Pick me! Pick me!

Great things could be accomplished in the States with that amount of coin.

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Acinnc
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06/28/2022 09:25 PM
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Re: W Buffett wants his $96B spent within 10 years of his death
I'll do it
TXP

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06/28/2022 09:25 PM
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Re: W Buffett wants his $96B spent within 10 years of his death
[link to finance.yahoo.com (secure)]
So reports the Wall Street Journal in a recent investigation of the future of Buffett’s fortune, which is worth $96.8 billion at the time of this article's publication. In 2006, the Berkshire Hathaway CEO pledged to give away 85% of his stock in the company to charity, designating the majority of it to the Bill & Melinda Gates Foundation.

Snip for length

 Quoting: Scruff Mcgruff


The fucking Gates Foundation???!!

WTF?!

Patrick Byrne needs to have a little convo with 'Uncle' Buffett.

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Last Edited by TXP on 06/28/2022 09:26 PM
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"Stop the lockdown. Stop the masks. Stick your vaccine up your ass." - Tess....AMEN!

"What does CENSORSHIP reveal? It reveals FEAR."
- Julian Assange

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Anonymous Coward
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06/28/2022 09:32 PM
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Re: W Buffett wants his $96B spent within 10 years of his death
it's going to take a lot less than 10 years
DEY HATE ME

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06/28/2022 09:39 PM
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Re: W Buffett wants his $96B spent within 10 years of his death
Give it to Biden. It'll all be gone within a week.
The more I know, the crazier I appear to be.

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Keilani

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06/28/2022 09:43 PM

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Re: W Buffett wants his $96B spent within 10 years of his death
I would be more than happy to help Mr. Buffett with that problem.
St Tidbits the Odd

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06/28/2022 09:58 PM
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Re: W Buffett wants his $96B spent within 10 years of his death
It's not his money. He, like most billionaires (aside from a few) are 'puppets for the plebians' to adopt as hero's who made it 'on their own'. They didn't. 'They' give these people money and soapboxes. 'We' are supposed to strive for their 'heights' when all most people want is a home, good family, good cheer and food and a decent 'nut' to pass onto their children.
This is what vulture capitalism creates. Pedagogues. In the switch from mercantilism (a far better system until it isn't) to 'capitalism that is restricted by guvmint regulation' we have 'vulture capitalism'. Where by smaller and smaller business are bought out as they sink under the weight of the State's red tape. It is also known as fascism. Buffett is a mirage, a gleaming light beaconing towards a non-existent oasis.
Wake the flock up!
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Anonymous Coward
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06/28/2022 10:04 PM
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Re: W Buffett wants his $96B spent within 10 years of his death
With 96 Billion one could straight up buy 480,000 houses for 200k each.

While average man is lucky to be able to work 30 years straight on a mortgage, all gone if he goes through health problems or something else that prevents him paying for a time.
Massimo
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06/28/2022 10:05 PM
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Re: W Buffett wants his $96B spent within 10 years of his death
He better start spending it now
Anonymous Coward
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06/28/2022 10:21 PM
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Re: W Buffett wants his $96B spent within 10 years of his death
Bill gates, give some more poison vax to third world countries.
How about building communities for the homeless? Hell no right?
Anonymous Coward
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06/29/2022 07:11 AM
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Re: W Buffett wants his $96B spent within 10 years of his death
It's not his money. He, like most billionaires (aside from a few) are 'puppets for the plebians' to adopt as hero's who made it 'on their own'. They didn't. 'They' give these people money and soapboxes. 'We' are supposed to strive for their 'heights' when all most people want is a home, good family, good cheer and food and a decent 'nut' to pass onto their children.
This is what vulture capitalism creates. Pedagogues. In the switch from mercantilism (a far better system until it isn't) to 'capitalism that is restricted by guvmint regulation' we have 'vulture capitalism'. Where by smaller and smaller business are bought out as they sink under the weight of the State's red tape. It is also known as fascism. Buffett is a mirage, a gleaming light beaconing towards a non-existent oasis.
Wake the flock up!
 Quoting: St Tidbits the Odd


All of these "billionaires" have been chosen and "made" by the PTB.

What you have written above is truth.
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Anonymous Coward
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06/29/2022 07:18 AM
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Re: W Buffett wants his $96B spent within 10 years of his death
ukraine wants money.

it won't take 10 days to spend it.
Anonymous Coward
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06/29/2022 07:21 AM
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Re: W Buffett wants his $96B spent within 10 years of his death
96B for Models, Strippers, Hookers and Booze for the greatest funeral ever on fantasy island
Anonymous Coward
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Andorra
06/29/2022 07:22 AM
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Re: W Buffett wants his $96B spent within 10 years of his death
ukraine wants money.

it won't take 10 days to spend it.
 Quoting: Anonymous Coward 83763048


$96B could buy a few nice chateaux in Switzerland ...

and pay for generations of slaves to run them.

lflashdrevillflash
Katipo

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06/29/2022 07:29 AM

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Re: W Buffett wants his $96B spent within 10 years of his death
Send me a few billion. I will get it spent in ten years.
Any sarcasm in this post is purely intentional.
Anonymous Coward (OP)
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06/29/2022 08:17 PM
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Re: W Buffett wants his $96B spent within 10 years of his death
Lol, Gates....really!?!

He is just everywhere isn't he.
Anonymous Coward
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06/29/2022 08:34 PM
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Re: W Buffett wants his $96B spent within 10 years of his death
All that derivative fake money he accumulated through fraud..
Anonymous Coward
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06/29/2022 08:39 PM
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Re: W Buffett wants his $96B spent within 10 years of his death
ukraine wants money.

it won't take 10 days to spend it.
 Quoting: Anonymous Coward 83763048


$96B could buy a few nice chateaux in Switzerland ...

and pay for generations of slaves to run them.

lflashdrevillflash
 Quoting: Anonymous Coward 82677350


screamlflashscream
Anonymous Coward
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06/29/2022 08:47 PM
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Re: W Buffett wants his $96B spent within 10 years of his death
give a million people 100K each. it will stimulate economy and make a million people very happy for a time.





GLP