Warren Buffett has made a donation of $2 billion to the Bill and Melinda Gates Foundation through his investment company Berkshire Hathaway. Buffett donated around 17,458,431 in class B shares of Berkshire Hathaway stock, which is trading at around $115 per share today.
Warren Buffett Posts
The world’s richest men are Carlos Slim ($73 billion), Bill Gates ($67 billion), Amancio Ortega ($57 billion), and Warren Buffett ($53.5 billion). We know that Bill Gates officially tweets. Now we can count two out of the four of the world’s richest men as Twitter users because Warren Buffett has joined the service. Buffett sent out his first tweet while being interviewed by Fortune at the University of Nebraska Omaha. His username is @warrenbuffett.
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Berkshire Hathaway, the investment arm of billionaire Warren Buffett, has acquired another 5 million shares in General Motors. The company has raised their stake in the company to 15 million shares for the quarter ending September 30th. David Einhorn of Greenlight Capital boosted their stake to 21.6 million shares from 17.4 million shares as of June 30th. Continue reading →
Dan Gilbert, the founder of Quicken Loans, and Manoj Bhargava, the founder of 5-Hour Energy, are among two billionaires from Michigan that have joined Giving Pledge. Giving Pledge is an organization created by Bill Gates and Warren Buffett to redistribute their wealth to charity.
Warren Buffett knows a thing or two about investing so when he reveled that he was going to stay away from Facebook, many people were intrigued and followed his lead. At a Berkshire Hathaway annual meeting on May 5, 2012 before the Facebook IPO, Buffett said “We should stay away from things we do not understand.”
A lunch with Warren Buffett has sold for $2.6 million on eBay this past week. This broke the previous record for a charity auction on eBay: $2.11 million for a lunch with Buffett in 2008. The proceeds from the auction will benefit the Glide Foundation. Glide provides social services for poor people in San Francisco. Buffett is the Chairman and CEO of Berkshire Hathaway. Buffett’s net worth is estimated to be $47 billion.
Bill Gates and Warren Buffett, the two richest men in the United States with a combined net worth of $77 billion did a presentation at the Columbia University Business School in New York City. CNBC host Becky Quick moderated the discussion and set up the question and answer session between the students. The title of the discussion was called Keeping America Great. Above is the video. Leave your thoughts about the discussion in the comments.
Warren Buffett auctioned a lunch on eBay recently. The proceeds of the auction would go to charity. Initially the winning bidder remained anonymous, but now it has been revealed that Canadian wealth management firm Salida Capital was the winner. The Salida CEO and several other employees will be sharing the lunch which the firm’s partners bought for $1.68 million and 300 dollars.
“We think we will be able to gain invaluable insights from his years of experience and current insights and perspectives,” stated Salida CEO Courtenay Wolfe. “We think lunch with Warren is going to be a once in a lifetime experience.”
The problem with the lunch is that it may take a year to get on Buffett’s calendar. Salida’s decision to bid on the lunch was at the last second. The company bid $100 more than the next highest bidder. The donation will be going to the San Francisco Glide Foundation.