Well, actually, the majority of his $44bil fortune is going to the Bill and Melinda Gates charitable foundation with most of the remainder to other charities. As much as I applaud his generosity, I still think he should spend at least a mil or two and fix up his buy a new house. BBC
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This is really incredible. I think that we are lucky to have people like Warren Buffet....and I think it's unfortunate that he is probably a minority.
agreed. I'm all for moderate redistribution of wealth and big social programs, but not against private wealth as long as those less fortunate are given something to get by... and news like this is a welcome reminder amid all the Enron/Tyco news that goodness transcends class lines.
will be interviewing Buffet and the Gateses tonight. If you miss it or don't have a tv you can watch it for free on Google Video tomorrow.
this is great, and i am personally amazed and impressed by his modest home. good for him.
jut wow !!
on NPR this morning, someone said (on Buffet's behalf) that he chose to give the money to the Gates Foundation because he felt they would allocate it in a most effective manner. Evidently, the Gates Foundation is "results oriented."
Another guest spoke of "entreprenurial philanthropy," a very interesting concept, especially taking into consideration that Gates quit his active role with Microsoft and plans on being more heavily involved with the Foundation.
i think the concept of an 'entreprenurial philanthropy' and the implementation of it is probably one of the greatest contributions of the gates foundation to society. from the interview, the gates talked about setting high goals for the foundation and meeting them as if it were a business. i think many of the non-profit organizations out there should pay attention (i've worked with a few that have failed). 'entreprenurial philanthropy' does not have to be an oxymoron
yeah too bad microsoft is a corrupt company that should be broken up through our current anti-trust laws. Oh but that would require the congress to do something...nevermind!
Isnt the guy that started Ikea the richest man in the world, iirc he surpased gates about a year ago.
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