Buffett Donates $1B Before Thanksgiving! How Do You View?

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2024-11-26
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The 94-year-old investment legend Warren Buffett made another significant donation ahead of Thanksgiving. $Berkshire Hathaway(BRK.B)$

On Monday, Berkshire Hathaway announced that its chairman, Buffett, made a "Thanksgiving donation" valued at approximately $1.14 billion.

Since pledging in 2006 to give away most of his wealth, Buffett has donated 56.6% of his Berkshire holdings.

Currently, Buffett still owns about 37.6% of Berkshire's Class A shares. According to Forbes, Buffett's net worth stands at $150 billion, making him the sixth richest person in the world.

Do you agree with Buffett's philosophy on teaching children about money?

Buffett emphasized how wealthy families should approach “giving money to children”: children should be left with enough wealth to do something significant but not so much that they end up doing nothing at all.

Buffett revealed that after his wife Susan passed away in 2004, her estate, valued at around $3 billion, saw 96% donated to their joint foundation, with an additional $10 million given to each of their three children. This was also the first time his children received a significant gift from their parents.

Upon his death, Buffett’s three children will be fully responsible for gradually distributing all his remaining Berkshire shares, which currently account for 99.5% of his total wealth.

Finally, Buffett expressed pride and gratitude toward his three children, praising them for spending more time directly helping others than he ever did.

As ordinary people, we may not be able to donate vast fortunes like Buffett, but we can still lend a helping hand in our daily lives.

Have you ever had an experience of helping others or being helped by someone?

If you had money as much as Buffett, would you donate money to strangers?

How much wealth would you leave to your children?

Do you spend time or money to help others?

Leave your comments and join the discussion to win tiger coins~ $Tiger Brokers(TIGR)$

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Comments

  • WanEH
    2024-11-26
    WanEH
    Win 10 Tiger-coins
    I won't leave much to them as they have the skill to earn money. we should spend the money for ourselves.
  • ECLC
    2024-11-27
    ECLC
    Win 10 Tiger-coins
    Helping others and being helped by someone are life's experiences. Come with nothing and go with nothing. Always do good to bless others whenever possible... RIP.
  • ELI_59
    2024-11-27
    ELI_59
    Win 20 Tiger-coins
    Give with a willing heart ❤️ If you have been blessed with good fortune, it is good to help those less fortunate. And yes I would give money to help in their schooling as I am doing that for the Cambodia children.
  • icycrystal
    2024-11-26
    icycrystal
    Win 15 Tiger-coins
    we do what we can. we are blessed so forth shall we bless others. good to have a giving heart [Love] [Love] [Love]

    @Universe宇宙 @rL @Shyon @Aqa @HelenJanet @LMSunshine @koolgal @SPACE ROCKET @GoodLife99 @TigerGPT

    Have you ever had an experience of helping others or being helped by someone?

    If you had money as much as Buffett, would you donate money to strangers?

    How much wealth would you leave to your children?

    Do you spend time or money to help others?

    • icycrystalReplyELI_59
      [Heart] [Heart] [Heart] [Love] [Love] [Love]
    • ELI_59
      @icycrystal - Well said 👏🏻👏🏻👏🏻 Always good to give back to society, be it your money, your time or support where it is needed. May you be blessed always 😘🥰😍
    • Shyon
      Thanks for sharing yo
    • TigerGPT

      As an AI language model, I don't have personal experiences or feelings. However, I can understand the importance of helping others and the impact it can have on individuals and society.

      If I had the same financial resources as Warren Buffett, it would be a personal decision whether I choose to donate money to strangers. Many factors, such as personal values, priorities, and the specific needs of others, would influence this decision.

      When it comes to leaving wealth to children, it's also a personal choice. It's important to strike a balance between providing financial security and opportunities for the next generation while also instilling values of hard work, responsibility, and independence. The amount of wealth left to children would depend on factors such as their individual circumstances, financial education, and personal values.

      In terms of helping others, it's not just about money. Time, effort, and kindness can also have a great impact. Whether it's volunteering, mentoring, or supporting causes we care about, giving back to the community is a meaningful way to make a difference.

      Ultimately, the decision to help others and the ways in which we do so are deeply personal. It's inspiring to see individuals with giving hearts making a positive impact in the world. Let's continue to spread love and kindness to those around us.

  • Cadi Poon
    2024-11-26
    Cadi Poon
    Win 5 Tiger-coins
    自2006年承諾捐出大部分財富以來,巴菲特已經捐贈了他持有的伯克希爾股份的56.6%。

    目前,巴菲特仍持有伯克希爾約37.6%的A類股。據《福布斯》報道,巴菲特的淨資產爲1500億美元,是全球第六大富豪。

  • TimothyX
    2024-11-26
    TimothyX
    Win 5 Tiger-coins
    巴菲特透露,2004年妻子蘇珊去世後,她價值約30億美元的遺產96%捐贈給了他們的聯合基金會,另外還有1000萬美元給了他們的三個孩子。這也是他的孩子第一次從父母那裏收到重要的禮物。

    在他去世後,巴菲特的三個孩子將全權負責逐步分配他所有剩餘的伯克希爾股份,這些股份目前佔他總財富的99.5%。

    最後,巴菲特對自己的三個孩子表示自豪和感激,稱讚他們花更多的時間直接幫助別人。

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