The world’s greatest philanthropist
Warren “Oracle of Omaha” Buffett (b. 1930), one of the world’s wealthiest persons and probably the most successful investor who ever lived has pledged to give away 85% of his immense fortune to the Gates Foundation.
He has been quoted to have said that he “doesn’t believe in dynastic wealth”, and that those who inherited their fortune are merely “members of the lucky sperm club”. He has made sure that his children do not inherit a big portion of his wealth: “I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing”. In other words, he does not go around doing pop displays of money.
In June 2006, he gave away an equivalent of USD30.7 billion (more than RM100 billion) in shares to the Bill & Melinda Gates Foundation, the largest charity donation in all of history.
