Buffett Promises Fortune to Gates Foundation
June 26, 2006 The Bill and Melinda Gates Foundation now wields a fortune that holds the potential for dramatic change. Two public-health experts examine the attractions and perils of the Gates' role in global health.
June 26, 2006 Warren Buffett, billionaire investor and founder of Berkshire Hathaway, has announced he is donating much of his fortune to charity. Over time, most of Buffett's $44 billion in stock holdings will be given to the Bill and Melinda Gates Foundation.
June 26, 2006 Thanks to the pledge of $31 billion in stock from investment guru Warren Buffett, the Bill and Melinda Gates Foundation will soon have far more resources to use in its work to fight diseases around the world. The foundation, which gave out about $1.35 billion in 2005, has had its greatest successes in global health.
June 26, 2006 Warren Buffett's pledge of $31 billion to the Bill and Melinda Gates Foundation has been long in the making, according to friends of the astute investor from Nebraska. Fortune magazine's Carol J. Loomis says Buffett told her months ago about his plan.
June 26, 2006 Warren Buffett's recent decision to give away about $36 billion of his fortune is unprecedented, and so is the fact that more than $30 billion goes to the Bill and Melinda Gates Foundation. Guests discuss what happens when private institutions grow bigger, wealthier and more powerful than public agencies.