FORTUNE EXCLUSIVE: The world's second richest man - who's now worth $44 billion - tells editor-at-large Carol Loomis he will start giving away 85% of his wealth in July - most of it to the Bill & Melinda Gates Foundation.
NEW YORK (FORTUNE Magazine) - We were sitting in a Manhattan living room on a spring afternoon, and Warren Buffett had a Cherry Coke in his hand as usual. But this unremarkable scene was about to take a surprising ...
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A wonderful insight in the mind of the greatest America's investor and second richest man in the world. Loomis' article, practically the synthesis of an extensive interview with Warren Buffett himself, let us know Warren changed his mind about when and how his money will be spent and decided to apply to the charity world the same strategy he applied for decades in the business field, meaning "get the right people to do it for you," in his case Bill and Melinda Gates. The reader might get a refreshing feeling from seeing that rich people, after paying a lot of thought on how to earn their money, are paying the same great deal of consideration on how their wealth will return to society in charitable ways. Buffett's careful plan ... More »
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