News > Lifestyle, 4:01

Video: Warren Buffett on philanthropy

By NexChange
Lifestyle, 4:01

Warren Buffett, despite dedicating most of his adult life to compounding his wealth, is absolutely no stranger to philanthropy. In June alone, the man donated $2.8 billion worth of Berkshire Hathaway shares to the Bill and Melinda Gates Foundation and to four other family charities – that’s more than what Bill Ackman’s worth at the moment.

Here he is talking to the Financial Times about The Giving Pledge – the campaign he and Bill Gates launched in 2010 – and the act of giving itself. He apparently wants Silicon Valley’s young billionaires to join him and Gates in their crusade, though he does have some reservations:
“When I wound up my partnership in 1970, I had $25m and if I’d given away a large portion of that then there would be far less to give now.”

Photo: Fortune Live Media

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