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FX.co ★ Warren Buffett donates $3.17 billion to Gates Foundation and other charities

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Forex Humor:::2017-07-18T08:33:58

Warren Buffett donates $3.17 billion to Gates Foundation and other charities

People spend money. They earn and spend again, receive and give. The more a person earns, the more they spend. As a rule, expenses grow in line with incomes, but sometimes even surpass them. However, the same expenses may be allocated to different purposes. Most people spend money for their own needs, and when someone spends money on charity, people consider it as something exceptional. As a rule, some people react to it with bewilderment and sometimes even with aggression.

Another reason to think about the role of money in our lives is the news about the generous gift of the famous billionaire Warren Buffett. The founder of Berkshire Hathaway donated more than $3 billion to Bill & Melinda Gates Foundation. The gift included 18.63 million Class B shares of Berkshire Hathaway stock, which carried a value of $170.25 each. It was not a spontaneous decision, as Buffet acted in the framework of his long-term charity strategy, which he voiced back in 2006. Then the billionaire said that he would gradually give away the majority of his fortune to charity. And he was not kidding. Since that moment, he has donated $27.54 billion to five charity organizations. Gates Foundation received about $21.9 billion.

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