Warren Buffett announce that he will start giving away 85% of his fortune to charity starting in July 2006. Warren Buffett’s is currently the second richest man in the world, and his holdings are worth $44 billion! He said he plans to give the money to five charitible foundations, with most of it going to the Bill & Melinda Gates Foundation. The remaining donations with go to foundations headed by Buffett’s three children, Susan, Howard, and Peter, and to the Susan Thompson Buffett Foundation (named after Buffett’s late wife).
Buffett has always said he would give his money to philanthropy. But he said it would happen upon his death. Apparently he has changed his mind.