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Thursday, November 27, 2008

CNBC: Warren Buffett Tops Business Week's Ranking of American Philanthropists

Warren Buffett is number one on Business Week's just-released ranking of American philanthropists. It will be featured in the issue of the magazine that goes on sale this coming Monday.

To compile its list of the Top 50 givers in the U.S., the magazine looks at what donors have contributed or pledged over the past five years.

Bill Gates, Melinda Gates,Warren Buffett
Seth Wenig / AP
Bill and Melinda Gates pose for photographs with Warren Buffett at a 2006 news conference announcing his intention to give millions of shares to the Gates Foundation.

Buffett's pledge in 2006 to donate the bulk of his huge fortune to charity over a number of years puts him at the top of the list with $40.655 billion given or pledged between 2004 and 2008.

Microsoft co-founder Bill Gates and his wife Melinda are number two with $2.625 billion.

Buffett is directing most of his money to the Gates Foundation for education and global health initiatives. This year's contribution, in the form of Berkshire stock, was worth just over $1.8 billion.

Current Berkshire stock prices:

Class A: [US;BRK.A 99810.0 3410.00 (+3.54%) ]

Class B: [US;BRK.B 3331.0 117.00 (+3.64%) ]



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Product Details
The Snowball: Warren Buffett and the Business of Life

The Snowball: Warren Buffett and the Business of Life
By Alice Schroeder

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Product Description

Here is THE book recounting the life and times of one of the most respected men in the world, Warren Buffett. The legendary Omaha investor has never written a memoir, but now he has allowed one writer, Alice Schroeder, unprecedented access to explore directly with him and with those closest to him his work, opinions, struggles, triumphs, follies, and wisdom. The result is the personally revealing and complete biography of the man known everywhere as “The Oracle of Omaha.” continued description

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