Finland's Ovi

Billionaire investor Warren Buffett annouced that he is donating $37bn (£20bn) to Bill Gates’ charitable foundation.

He said he was overjoyed, “This has been coming for 50 years…There’s never really been any other plan in terms of where the money should go.”

I think the most amazing aspect of this is the fact that the size of the foundation’s cash pile dwarfs that of other organisations, especially the $12bn annual budget of the United Nations.

Mr Buffett is worth an estimated $44bn, according to Forbes magazine, but I guess the value of his golden heart is priceless.

Nice one, Mr Buffett.

This entry was posted on Monday, June 26th, 2006 at 11:13 pm and is filed under HoriZones. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.