“Brace yourself,” billionaire Warren Buffett warned with a grin during an interview with Fortune magazine. He then described a momentous change in his thinking. Within months, he said, he would begin to give away his Berkshire Hathaway fortune, worth well over $40 billion. Most of it is going to the Bill & Melinda Gates Foundation, he said.
I am not sure how many of you have followed the works of the Gates Foundation, but what little I have followed absolutely amazes me. Imagine being able to sit down and come up with a solution to a global problem, then having somebody with virtually unlimited funds come to you and say, “I don’t care how much it costs… make it happen”.
A lot of talk is going around about what is going to happen to Microsoft when Bill steps down to work on his foundation full time… I am more interested in what is going to happen to humanitarian causes around the world when this man devotes his full power to his foundation. Microsoft isn’t going anywhere, unless it manages to completely screw things up (more than it has been recently by a long shot) for the next decade, it will be just fine. Besides, Bill is still going to be Chairman of the Board, so if he doesn’t like the way things are being handled, he can always step back in.
So, now, not only is Bill going to be taking the reigns of his foundation full time, but Warren Buffett has stepped in and is handing a majority of his fortune over to the foundation to be used in assisting with the various causes.
Definitely read the article and check out the foundations site when you have the opportunity.