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Filed under: Charity, Big Givers, Wealth

On Wednesday, Forbes magazine will publish its annual list of the richest billionaires in the world. It’s almost certain to include Bill Gates, Warren Buffett and Carlos Slim in the top three, but while Gates has topped the list nearly every year since 1995 (losing out only once to Buffett by a margin of half a billion), this year we’re not expecting to see the Microsoft co-founder in the top spot.

The reason for Gates’ displacement? His overwhelming philanthropic activity. Although his personal fortune today is estimated around $49 billion, he and his wife Melinda have funneled some $28 billion into their non-profit foundation. As a result, Mexican billionaire Carlos Slim – who contributes far less than Gates or Buffett to charity – is expected to top the list.

[Source: Reuters]

LuxistBill Gates Gives Up “World’s Richest Man” Status for Philanthropy originally appeared on Luxist on Tue, 08 Mar 2011 19:01:00 EST. Please see our terms for use of feeds.

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Filed under: Charity, Big Giversdoris buffettWarren Buffett isn’t the only philanthropist in his family. The oracle of Omaha has a big giver for a big sister too. The Richmond Times-Dispatch reports on 82-year-old Doris Buffett and her Sunshine Lady Foundation. The article says that she has already given away about $120 million, about half way toward her goal of giving away all her assents in her life time. So far her foundation has helped a variety of charities offering scholarships, help for families in crisis and more on an individual hands-on basis.

The Sunshine Lady Foundation is a private family foundation founded in 1996 by Doris Buffett and each Sunshine Lady Foundation grant is considered an investment in the recipient. The Times-Dispatch article says that big projects have included construction of a Boys and Girls Club, housing for people with intellectual disabilities, college scholarships for abused women, and a college degree program for prisoners.

Warren Buffett has defined the difference between his version of philanthropy and his sister’s, saying: “I’m wholesale. She’s retail.” He praised his sister for her method of changing individual lives saying he is very proud of her. The Sunshine Lady Foundation has volunteers who read about 100 letters a day, vetting them each individually. Check out a video with the inspiring Doris Buffett after the jump.

Continue reading Doris Buffett, Warren Buffett’s Big Giving Big Sister

LuxistDoris Buffett, Warren Buffett’s Big Giving Big Sister originally appeared on Luxist on Tue, 21 Dec 2010 00:02:00 EST. Please see our terms for use of feeds.

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Filed under: Charity, Big Giversmark zuckerbergFacebook’s Mark Zuckerberg is the one of the latest billionaires to sign on to the Giving Pledge campaign started by Bill Gates and Melinda Gates and Warren Buffett. The Giving Pledge calls for billionaires to pledge at least half their net worth to charity, in their lifetimes or at death.

The list of those signed on to the Giving Pledge now has 57 families. The recent batch of billionaires include AOL co-founder Steve Case, investor Carl Icahn and Michael Milken who join Larry Ellison, George Lucas and Michael Bloomberg in the ultimate big givers roll call.

“People wait until late in their career to give back. But why wait when there is so much to be done?” said Mark Zuckerberg in a press release. “With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts.”

A full list of those taking the pledge and personal letters by many of these pledgers outlining their commitment to give is available online at www.givingpledge.org. Carl Icahn said that “until Bill, Melinda and Warren started this project, I never considered going public with my intentions. However, I certainly see the value of a project that encourages wealthy individuals to step forward and commit to use their wealth for the common good. I hope that by adding my voice with those who are supporting this project, we will all encourage others to participate.”

Continue reading Facebook’s Mark Zuckerberg and Others Join Giving Pledge

LuxistFacebook’s Mark Zuckerberg and Others Join Giving Pledge originally appeared on Luxist on Thu, 09 Dec 2010 18:02:00 EST. Please see our terms for use of feeds.

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Filed under: Charity, Big Givers, Wealth

On Wednesday, Forbes magazine will publish its annual list of the richest billionaires in the world. It’s almost certain to include Bill Gates, Warren Buffett and Carlos Slim in the top three, but while Gates has topped the list nearly every year since 1995 (losing out only once to Buffett by a margin of half a billion), this year we’re not expecting to see the Microsoft co-founder in the top spot.

The reason for Gates’ displacement? His overwhelming philanthropic activity. Although his personal fortune today is estimated around $49 billion, he and his wife Melinda have funneled some $28 billion into their non-profit foundation. As a result, Mexican billionaire Carlos Slim – who contributes far less than Gates or Buffett to charity – is expected to top the list.

[Source: Reuters]

LuxistBill Gates Gives Up “World’s Richest Man” Status for Philanthropy originally appeared on Luxist on Tue, 08 Mar 2011 19:01:00 EST. Please see our terms for use of feeds.

Read|Permalink|Email this|Comments

Filed under: Jewelry, Wealthwarren buffettFor one day only, financial guru Warren Buffett will be taking on a new role, jewelry salesperson. The Berkshire Hathaway will be behind the counter at Borsheims in Omaha, Nebraska during Berkshire Hathaway Annual Shareholders’ Weekend. You can buy your jewelry directly from Mr. Buffett on Sunday afternoon, May 1 at the Borhsheims store. Borsheims is a Berkshire Hathaway company. In a release, Borsheims President & CEO Susan Jacques said, “We are thrilled and flattered that Warren wants to come and sell at our store. I’m sure he’ll be a record-setting salesman within a few minutes of being on the sales floor!” Given the fact that his charity lunches go for millions, I’m guessing there will be a line out the door.

As the video below explains, the Buffett family in Omaha goes back for generations explaining why, although he has the means to live anywhere in the world, Warren Buffett has always chosen to remain close to home. Buffett’s success as one of the world’s top financial minds has turned the annual shareholder’s weekend for Berkshire Hathaway into a well-attended event bringing the world to Omaha each year. It has become the Super Bowl of shareholder meetings with major media and thousands of shareholders in attendance.

[via JCK Online]

LuxistWarren Buffett To Turn Jewelry Salesman For One Day originally appeared on Luxist on Mon, 28 Feb 2011 18:01:00 EST. Please see our terms for use of feeds.

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I’m gonna make you an interim CEO offer you can’t refuse.

And don’t let the door hit you on the way out.

And not cancer, as unfortunate as the timing is for the ousted Yahoo CEO.

All’s well that ends. At least for now — Happy Mother’s Day to all!

Here he is in living color!

The final shoe — shoe store, really — drops.

Oh no, you didn’t!

Waiting for a verdict in trial of ResuMess.

Is the tenure of Yahoo CEO Scott Thompson — who is now big with the excuses — in trouble if other shareholders start to bolt?

Smoking conversation or different recollections? You decide.

The back-and-forth over Yahoo CEO Scott Thompson’s fitness as a leader continues.

There are pretty good odds, but it’s a gamble for the activist investor to find a way to top his last act.

CSLie has claimed its first victim, although the mystery is still unsolved.

warren buffettFor one day only, financial guru Warren Buffett will be taking on a new role, jewelry salesperson. The Berkshire Hathaway will be behind the counter at Borsheims in Omaha, Nebraska during Berkshire Hathaway Annual Shareholders’ Weekend. You can buy your jewelry directly from Mr. Buffett on Sunday afternoon, May 1 at the Borhsheims store. Borsheims is a Berkshire Hathaway company. In a release, Borsheims President & CEO Susan Jacques said, “We are thrilled and flattered that Warren wants to come and sell at our store. I’m sure he’ll be a record-setting salesman within a few minutes of being on the sales floor!” Given the fact that his charity lunches go for millions, I’m guessing there will be a line out the door.

As the video below explains, the Buffett family in Omaha goes back for generations explaining why, although he has the means to live anywhere in the world, Warren Buffett has always chosen to remain close to home. Buffett’s success as one of the world’s top financial minds has turned the annual shareholder’s weekend for Berkshire Hathaway into a well-attended event bringing the world to Omaha each year. It has become the Super Bowl of shareholder meetings with major media and thousands of shareholders in attendance.

[via JCK Online]

Filed under: Jewelry, Wealth

Warren Buffett To Turn Jewelry Salesman For One Day originally appeared on Luxist on Mon, 28 Feb 2011 18:01:00 EST. Please see our terms for use of feeds.

Permalink|Email this|Comments

Filed under: Jewelry, Wealthwarren buffettFor one day only, financial guru Warren Buffett will be taking on a new role, jewelry salesperson. The Berkshire Hathaway will be behind the counter at Borsheims in Omaha, Nebraska during Berkshire Hathaway Annual Shareholders’ Weekend. You can buy your jewelry directly from Mr. Buffett on Sunday afternoon, May 1 at the Borhsheims store. Borsheims is a Berkshire Hathaway company. In a release, Borsheims President & CEO Susan Jacques said, “We are thrilled and flattered that Warren wants to come and sell at our store. I’m sure he’ll be a record-setting salesman within a few minutes of being on the sales floor!” Given the fact that his charity lunches go for millions, I’m guessing there will be a line out the door.

As the video below explains, the Buffett family in Omaha goes back for generations explaining why, although he has the means to live anywhere in the world, Warren Buffett has always chosen to remain close to home. Buffett’s success as one of the world’s top financial minds has turned the annual shareholder’s weekend for Berkshire Hathaway into a well-attended event bringing the world to Omaha each year. It has become the Super Bowl of shareholder meetings with major media and thousands of shareholders in attendance.

[via JCK Online]

LuxistWarren Buffett To Turn Jewelry Salesman For One Day originally appeared on Luxist on Mon, 28 Feb 2011 18:01:00 EST. Please see our terms for use of feeds.

Permalink|Email this|Comments

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