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Latest Susan Buffett Stories

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2009-07-03 08:05:00

Billionaire investor Warren Buffett gave $1.51 billion to four charities this week, a filing at the U.S. Securities and Exchange Commission shows. Buffett has said he will give away most of his fortune to worthy causes. This year, he continued his practice of giving the bulk of his donations to the Bill and Melinda Gates Foundation, which received $1.25 billion worth of Berkshire Hathaway Inc. stock, the Omaha World-Herald reported Friday. Foundations run by Buffett's three children each...

2006-06-26 15:18:37

By Jonathan Stempel NEW YORK (Reuters) - Warren Buffett on Monday signed over much of his $44 billion fortune to the Bill & Melinda Gates Foundation, uniting the world's two richest people in a bid to fight disease, reduce poverty and improve education. The roughly $30.7 billion donation doubles the Gates Foundation's size to $60 billion, five times larger than any other U.S. charitable group and bigger than the gross domestic product of Kuwait. Bill Gates, the world's richest...

2006-06-25 21:13:54

By Robert MacMillan and Mark McSherry NEW YORK (Reuters) - Warren Buffett, the world's second-richest person, is donating about $37 billion -- more than 80 percent of his fortune -- to foundations run by his friend Bill Gates and by the Buffett family. The move is the biggest-ever single act of charitable giving in the United States. Sunday's announcement by Buffett, 75, comes just days after Microsoft Chairman Gates said he would move away from his day-to-day role at the software...

2006-06-25 17:25:09

By Robert MacMillan NEW YORK (Reuters) - Billionaire investor Warren Buffett is donating a total of $37 billion -- most of his personal fortune -- to a foundation started by Microsoft Chairman Bill Gates and to several family foundations, making it the largest-ever individual charitable gift in the United States. Buffett, 75, is the chief executive of investment firm Berkshire Hathaway. He is worth an estimated $44 billion, according to Forbes magazine, making him the second-richest...

2006-06-25 15:43:49

NEW YORK (Reuters) - Billionaire investor and Berkshire Hathaway Chief Executive Warren Buffett is donating about $30 billion in stock to a charitable foundation started by Microsoft Corp. co-founder Bill Gates, the firm said on Sunday. In a letter to the Bill and Melinda Gates Foundation, Buffett said he will set aside 10 million shares of class B common stock for the foundation. He said he will award 5 percent of the balance of those shares to the foundation each year. Based on...

2006-06-25 12:48:49

NEW YORK (Reuters) - Berkshire HathawayChairman and Chief Executive Warren Buffett on Sunday said he would make annual stock donations to the Bill and Melinda Gates Foundation. In a letter to the foundation, Buffett said he would set aside 10 million shares of class B common stock for the foundation, and award 5 percent of the balance of those shares once a year. One share of class B was worth $3,071.01 based on Friday's closing price on the New York Stock Exchange. Based on that...


Word of the Day
monteith
  • A large punch-bowl of the eighteenth century, usually of silver and with a movable rim, and decorated with flutings and a scalloped edge. It was also used for cooling and carrying wine-glasses.
  • A kind of cotton handkerchief having white spots on a colored ground, the spots being produced by a chemical which discharges the color.
This word is possibly named after Monteith (Monteigh), 'an eccentric 17th-century Scotsman who wore a cloak scalloped at the hem.'
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