The Great Leader

June 27, 2006 at 1:36 pm (31 billion, bill and meilinda gates foundation, bill gates, charity, government, oracle of ohama, real estate, realtor, relatives, thirty one billion, Uncategorized, warren buffet, waste)

Driving into work this morning I heard on the radio Warren Buffet was giving away thirty seven  billion dollars,thirty one billion going directly to The Bill and Melinda Gates Foundation. Buffet considered one of the most successful investors of all time and has picked up the nickname of the “Oracle of Omaha” and has a fortune of forty four  billion. The majority of his money was donated to the Gates Foundation  to help ensure that lifesaving advances in health are created and shared with those who need them most. Most importantly all the money donated goes directly to helping people.                  

What surprised me the most of the announcement was peoples reaction. What about his relatives? They should sue him freeze up his assets because he must be senile. His relatives will be just fine splitting seven billion among fourteen people.  Five hundred million per person which generates twenty five million over every year at five percent. If he had given everything to his relatives the government would take half and waste a large percentage through beauracy.

-Phil

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1 Comment

  1. propertyhype.com » The Great Leader said,

    […] Original post by realestateceo […]

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