Friday, 31 August 2012

Warren Buffett gives 'reverse birthday gift' to children's foundations

Warren Buffett is celebrating his 82nd birthday today by doubling what remains of his original pledge of stock shares to the three foundations run by his children, Susan, Howard and Peter.
That means he will donate about $100 million a year to each foundation, up from an average of $64 million annually. By the time his pledge is fulfilled, the three foundations will receive what, at today's share price, amounts to $2.08 billion.
Over the past six years, the foundations already have received $1.16 billion.

Warren Buffett
Howard Buffett
Susie Buffett

1 comment:

panaceaasia said...

Thank you for wonderful blog.

God bless you and your family.