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Buffett donates billions to Gates Foundation June 26, 2006

Posted by farshadf in Interesting, Uncategorized.
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There is a lot to be said about Warren Buffett’s announcement that most of his billions-of-dollars fortune will be given to charities, with particular focus on giving about $31 billion to the Bill and Melinda Gates Foundation. And we hope his actions, as well as those of the Gateses, reverbate through billionaire and millionaire circles, because giving back to the world that made them rich makes sense – tax incentives or no. For instance, when Ted Turner donated $1 billion to the U.N. in stock, he said, “When I got my statement in January. I was worth $2.2 billion. Then I got another statement in August that said I was worth $3.2 billion. So I figure its only nine months’ earnings, who cares?”

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