Originally posted by lordhighgusI don't know but Bill Gates is retiring too. So It might take a while to give all that money away. 37 billion was 80% of Warren Buffetts money. Untill Bill Gives it all away that makes Bill like the richest man twice.
The charity is himself.
I hope he does some good for the world with it.
Originally posted by cashthetrashHow did he earn Warren Buffett giving him 37 billion dollars? I like the work that he does with his money, and hope he continues to give generously to many different causes.
He frivolously earned it so he do with it what he wants. That just made him the most charitable giver in all history. That I am aware of anyway.
Edit: Oh, wait, was the cut off C in the title supposed to be charity? It better be cause not to many people give billions of dollars to billionaires.
http://www.economist.com/business/displaystory.cfm?story_id=6919139
"Forget about the Gates Foundation. The world's biggest charity owns IKEA—and is devoted to interior design
...
The Economist has investigated the group's no less astonishing finances.
What emerges is an outfit that ingeniously exploits the quirks of different jurisdictions to create a charity, dedicated to a somewhat banal cause, that is not only the world's richest foundation, but is at the moment also one of its least generous. The overall set-up of IKEA minimises tax and disclosure, handsomely rewards the founding Kamprad family and makes IKEA immune to a takeover. And if that seems too good to be true, it is: these arrangements are extremely hard to undo. The benefits from all this ingenuity come at the price of a huge constraint on the successors to Ingvar Kamprad, the store's founder (pictured above), to do with IKEA as they see fit.
....
Together these companies had nearly €11.9 billion in cash and securities at the end of 2004, even after I.I. Holding paid out a dividend of nearly €800m during the year. Most of this money has undoubtedly come from the collection of franchise fees. In total, these two groups suffered tax bills of a mere €19m in 2004 on their combined profits of €553m. Clearly, the Kamprad family pays the same meticulous attention to tax avoidance as IKEA does to low prices in its stores.
..."
Originally posted by GalaxyShieldYes guys, it is his Charity called the 'Bill & Melinda Gates' Foundation. Not a bad start to a charity fund that already had 20 some odd billion. Spend their live making it and then give it all away. President Bill Gates and Vice President Warren Buffett sounds good to me right now.
How did he earn Warren Buffett giving him 37 billion dollars? I like the work that he does with his money, and hope he continues to give generously to many different causes.
Edit: Oh, wait, was the cut off C in the title supposed to be charity? It better be cause not to many people give billions of dollars to billionaires.
Just how many zero's is that?
Originally posted by zeeblebotThats all real good. Glad to hear it. But that was back in May. This is June.
http://www.economist.com/business/displaystory.cfm?story_id=6919139
"Forget about the Gates Foundation. The world's biggest charity owns IKEA—and is devoted to interior design
...
The Economist has investigated the group's no less astonishing finances.
What emerges is an outfit that ingeniously exploits the quirks of different jurisdictions to ...[text shortened]... e meticulous attention to tax avoidance as IKEA does to low prices in its stores.
..."
Originally posted by cashthetrashthey contractor that built britains motorways died with a whopping £400 in his pocket. he gave as he earned...
He frivolously earned it so he do with it what he wants. That just made him the most charitable giver in all history. That I am aware of anyway.
although i may be completly wrong about this as i cannot seem to find anything about this guy on t'internet 😛