Just recently we told you about the efforts of philanthropists, Warren Buffet and Bill and Melinda Gates, who are encouraging the wealthy folks to donate their wealth to charity. Setting an example to the society, Buffet has kept his pledge to give away 99% of his wealth and donated a cool $1.93 billion to five charitable foundations. Out of the $1.93 billion, he donated $1.6 billion to the charitable foundation created by Bill Gates and his wife Melinda. The rest was donated to foundations set up in the name of Mr. Buffett’s late wife, Susan, and their three children. Mr. Buffet, who is the owner of investment company Berkshire Hathaway, donated a higher sum this year than last year’s $1.5 billion as his company’s performance improved a great deal this year.
A trustee of the Gates Foundation, Mr. Buffet with his generous donations has set an example to society.