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World’s second richest man gives it all away

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Hold up! Before you read on, please read this...

This post was published more than 11 years ago

I keep old posts on the site because I often enjoy reading old content on other people's sites. Not everything that is old is bad. It can be interesting to see how views have changed over time: for example, how my strident teenage views have mellowed and matured.

But given the age of this post, please bear in mind:

  • My views might very well have changed in the 11 years since I wrote this post. I have written some very silly things over the years, many of which I find pretty embarrassing today.
  • This post might use language in ways which I would now consider highly inappropriate or offensive.
  • Factual information might be outdated.
  • Links might be broken; embedded material might not appear properly.

Okay. Consider yourself duly warned. Read on...

Warren BuffettWarren Buffett is to donate £20bn, 85% of his personal fortune, to the Bill and Melinda Gates Foundation. That is, in a word, incredible.

This move will doubtless be criticised by some, who will claim that it’s easy for someone rich to give away vast amounts of money, especially when you’ll be left with £3bn in the bank anyway. That’s not really true, as evidence by the fact that those of lower income give a greater percentage of said income to charity than those with a higher income, and by the way Bono and Bob Geldof implore us to donate money to charity whilst sitting on £108m and £30m fortunes themselves. Warren Buffett hasn’t done this: He’s actually donated his own money – most of his own money – to a cause he believes in.

It won’t stop anti-capitalist campaigners from saying he’s only doing it as a guilt-releiving exercise, but that’s their problem.

As far as I’m concerned, good on him.

This 891st post was filed under: News and Comment.

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Comments and responses

Comment from Anonymous


by Anonymous

Comment posted at 13:54 on 21st November 2007.

hi baby


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