In honor of Warren Buffett’s 83rd birthday, we decided to share the Berkshire Hathaway CEOs five greatest gifts to the world.
Let’s take a look…
Donating His Fortune (and Convincing Others to Join Him)
Warren Buffett, along with billionaire philanthropists Melinda and Bill Gates, launched the Giving Pledge during 2010. This pledge encourages the richest people around the world to donate at least half of their fortune to charity while they are still alive. This way they are able to have much more control of the donations, and it ensures that the money goes to the people that need it the most. There are currently 114 signatories, which includes some of the most noteworthy people like Michael Bloomberg, Joan and Richard Branson and Mark Zuckerberg to name a few.
Each year, Warren Buffett will auction off a lunch date to benefit the Glide Foundation, which is a nonprofit company that helps San Francisco’s homeless and poor. This is a high ticket lunch date that sells for anywhere between $1 million to $3.5 million. Since the auction began in 2000, Warren Buffett has donated $15.8 million to the organization.
His Stunts Are Amazing
There’s no question about it. Buffett will go above and beyond and basically do anything for a great cause. He played the ukulele last year and sang in a duet with Jon Bon Jovi where the duo played “The Glory of Love” during the Forbes 400 Summit on Philanthropy. “I don’t need Richie Sambora anymore,” said Bon Jovi, “because I have a new sidekick!”
Inspiring the Younger Generation
Buffett does much more than just hand out large wads of cash. He teaches others to do the same. Just last month, Warren Buffett made a contribution to a free online course called Giving with Purpose. Buffett is featured as a guest speaker within the class, and it attempts to teach over 4000 students how to donate $100,000 of which Doris Buffett donated to the group. Talk about philanthropy at its finest.
Passing the Baton
It’s no mystery that Warren Buffett’s children will not see much of his inheritance, but that doesn’t mean they aren’t benefiting from his philanthropic spirit. All of the three Buffett children have their own charitable foundations which Buffett has been contributing to throughout the years. On Buffett’s 82nd birthday last year, he gave $600 million worth of Berkshire Hathaway shares to each of his children’s charitable organizations.
The 57-year-old Howard Buffett helps farmers in poverty-stricken nations; Susie Buffett, 59 years old, is working toward reducing teen pregnancy and provides early childhood education. The 54-year-old Peter Buffett empowers girls and women throughout the world through education, and he also works toward ending violence against women and economic development.