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The Adventure of Me

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Submitted By kylechau123
Words 693
Pages 3
Kyle Chau
Mrs. Boote
English 10 – Period 5
11 March 2013
Warren Buffett Warren Buffett is famous for many things which include his company (Berkshire Hathaway) and mainly for his philanthropic work. His philanthropic work involves him donating a large amount of money to charities or organizations that need it to help the poor, homeless, and the hungry. He is able to do that because he is the chairman of a famous company, Berkshire Hathaway. Buffett donates money to foundations ran by his children and to foundations run by other philanthropists or ordinary people. According to CNN, Buffett donates around three billion dollars to the charities that his three children run on the day of his 82nd birthday. Also in 2006, Warren pledged 17.5 million Class B shares of his firm to each of his children’s foundations. Along with the $3 billion he wrote a letter to his children saying that he was going to up his pledge by 12.2 million shares each. According to finance websites, one of these shares are worth $154,000 dollars and changing every day. Buffett was the number one biggest charitable donor in 2012 according to Forbes. In 2012, he donated over $3 billion to his children’s foundations and $9.5 billion in shares of his company to the Bill & Melinda Gates Foundation. “Back in 2006, he pledged Berkshire Hathaway stock valued at more than $30 billion to the Gates Foundation. He has been making annual payments toward that commitment since. Last year he gave shares worth $1.5 billion” (Adams 3). About one and a half years ago, Warren Buffett was auctioned off to eat lunch with. That auction ended up with a winning bid of $2,345,678. After the auctioning ended, the bidder gave Buffett an extra $100. Due to the fact that Buffett is so rich, he was able to raise over 2.6 million dollars for the Glide Foundation. Ever since this auction Buffett has been giving the

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