Are Warren Buffett and Bill Gates friends?
Buffett, who is 93, and Gates 68, have been longtime friends for 30 years. Through business ventures that turned philanthropic, they have assisted countless people worldwide. Together they launched The Giving Pledge campaign encouraging other rich individuals to donate much of their wealth towards charitable efforts.
Warren Buffett and Bill Gates have been friends since the 1990s.
Buffett is now worth only a few billion dollars less than Ellison — Oracle's chairman and a major Tesla investor — at $126 billion, and Gates — Microsoft's cofounder and one of Buffett's close friends — at $129 billion.
“He doesn't let his calendar get filled up with useless meetings,” Gates noted in a LinkedIn post. Buffett has taught Gates the value of protecting your time so you make the most of it.
Buffett, 93, also doubled down on his pledge to donate roughly 99% of his nearly $120 billion fortune to charity, revealing that his children, who share his views on righting wealth inequalities through private philanthropy, will serve as executors of his will.
Bill Gates – 102,992,934 Shares – 1.34%
Gates' ownership in Microsoft dropped from 45% during the company's IPO in 1986 to only 1.34%, representing 102.99 million shares as per the last ownership disclosure in October 2019. Since stepping down in 2020, he has stopped publicly reporting his ownership of Microsoft.
1955—
Bill Gates is a technologist, business leader, and philanthropist. He grew up in Seattle, Washington, with an amazing and supportive family who encouraged his interest in computers at an early age. He dropped out of college to start Microsoft with his childhood friend Paul Allen.
Buffett himself has pledged that 99% of his wealth will go to philanthropy during his lifetime or upon his death. As of 2023, the shares he's already given away were worth about $50 billion based on their value at the time of donation, or about $130 billion given Berkshire Hathaway's stock value at the time.
Mark Zuckerberg, the CEO of Meta, has now surpassed Bill Gates, becoming the fourth richest person in the world. This development comes in the wake of a 22 percent surge in Meta's stock price, which increased Zuckerberg's wealth by more than $28 billion.
Name | Net worth in billion $US | Year of pledge |
---|---|---|
David Rockefeller | 3.3 | 2010 |
Ken Langone | 3.3 | 2010 |
Bill Ackman | 2.8 | 2012 |
Charles Zegar | 2.8 | 2010 |
Who is Warren Buffett's best friend?
Both Warren Buffett and Charlie Munger were born and brought up in Omaha, Nebraska, and formed a friendship as adults in 1959 that was to last for decades. Charlie Munger, the longtime friend and business partner of investor Warren Buffett, died on Tuesday, November 28. He was 99.
Buffett Promises Fortune to Gates Foundation Warren Buffett, the investment guru known as the Oracle of Omaha, now has another title: most generous philanthropist in history. Buffett has pledged to give away $37 billion, with most of it going to the Bill and Melinda Gates Foundation.
- American Express: 20.6% stake. As of the morning of March 5, the stock was up 15.75% year-to-date and 21.7% in the past year. ...
- Ally Financial: 9.6% Stake. ...
- Bank of America: 13% Stake. ...
- Capital One: 3.3% Stake. ...
- Citigroup: 2.9% Stake. ...
- Nu Holdings: 2.3% Stake.
Warren Buffett typically does not give money to individuals, although he frequently donates to charities. However, he has in the past forwarded individual requests for money to his sister, Ms. Doris Buffett, who operates an organization called the Sunshine Lady Foundation.
Warren Buffett is only leaving his three children an inheritance of 2 billion each out of his predicted estate of 65 billion. Why would he not distribute all of his estate to his children? Because he wants to leave large amounts to his many charities.
Warren Buffett Doesn't Own Bitcoin, but His Company Is Betting $1 Billion on This Crypto Stock.
Later in his career and since leaving day-to-day operations at Microsoft in 2008, Gates has pursued other business and philanthropic endeavors. He is the founder and chairman of several companies, including BEN, Cascade Investment, TerraPower, Gates Ventures, and Breakthrough Energy.
After spending much of his life dominating the “world's richest” lists, Gates has vowed to give away 99.96% of his wealth through his charity, the Bill & Melinda Gates Foundation, which advances education and public health initiatives around the globe.
When Bill Gates became a billionaire in 1987 at 31, he was the youngest person to ever join the three comma club. In 2008, Mark Zuckerberg took that title when he reached billionaire status at 23.
In 1975, Gates made the decision to drop out of Harvard and focus on building Microsoft. He and Allen moved to Albuquerque, New Mexico, where they set up their first office and began working on their first software product, Altair BASIC.
What did Bill Gates dad do?
Bill Sr. earned his bachelor's and law degrees from the University of Washington, following three years of U.S. Army service in World War II. A founding partner at Preston Gates & Ellis, Bill Sr. served as president of both the Seattle/King County Bar Association and the Washington State Bar Association.
What Kind of Vehicle Does Warren Buffett Drive? Warren Buffett drives a Cadillac XTS, a car that is far from the flashy, high-end luxury vehicles that one might expect a billionaire to own. Consistent with his down-to-earth lifestyle, Buffett's choice of vehicle is practical, reliable, and understated.
"My three children are the executors of my current will as well as the named trustees of the charitable trust that will receive 99%-plus of my wealth pursuant to the provisions of the will," Warren Buffett said in the letter. Mr Buffett said, "At 93, I feel good but fully realize I am playing in extra innings."
At the Berkshire Hathaway 2021 annual meeting, executive vice chair Charlie Munger made an offhand remarking identifying Greg Abel as the successor to CEO Warren Buffett. Greg Abel is currently Berkshire's vice chair of Non-Insurance Business Operations and the chair of subsidiary Berkshire Energy Holdings.
As of today, no billionaire is within striking distance of becoming a trillionaire. Elon Musk is, at present, the world's richest person, with a net worth of $206 billion, while Jeff Bezos is in the number two position with $179 billion, according to Bloomberg.
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