Thursday, June 17, 2010

More than 99% of my wealth will go to philanthropy during my lifetime or at death.

Warren Buffett pledge as part of the $600 billion challenge - Jun. 16, 2010

He is giving away 99% of his fortune (over $50 billion, yes, with a “b”), 4% per year until his death, then everything to be settled within 10 years of his estate settlement. He is also giving away all of this money without locking it into endowments, which means the full principal can be used, instead of the interest earnings. 

And you can bet on this: some asshole is still going to find an excuse to criticize this man.