just announced his annual charitable donations to the five philanthropies he's chosen to give the vast bulk of his fortune to.valued at about $2.9 billion. That brings his total philanthropic donations to more than $37 billion since 2006.
Buffett has said that he will give away more than 99% of his fortune, with the bulk going to the Bill and Melinda Gates Foundation; a charity founded by his late wife Susan Thompson Buffett; and charities run by each of his three children., valued at about $67.5 billion. Before he began carving out a portion of his holdings each year for charity, he held 474,998 Class A shares of Berkshire, which would be valued at roughly $129 billion today.
Buffett is often accused of making charitable donations in order to accrue beneficial tax status. This year, he revealed the extent of his tax benefit for his philanthropic activities: His combined federal and Nebraska income tax paid — including projections for 2020 — has been reduced by about 43 cents for every $1000 he has given the foundations over the last 15 years.
He has INVESTED not donated!!!!
1 Naira;like this..i no see 🦍 God of Warren buffett where are you
👉🏻We need to tax America’s wealthiest at 37.5%- not 18% 👉🏻We need to tax the charitable donations at 37.5%. Simple, workable way to right our deficit.
It’s nice to see that there are people in this world that are generous with their wealth...keep it up WarrenBuffett . This is a fun game.
wow
I was told billionaires are evil and greedy. This is fake news because socialists told me that billionaires are the problem. 😉
So many people just love to hate billionaires. Buffett is a genius who made his billions from the ground up. I’m not a billionaire, but I respect Buffett. So much hate on him from jealous people on here.
What a differ with georgesoros he invest in his own personal interests
QUE ABANDONE SU ILEGAL MONOPOLIO!!!!SE LIMPIA EL CULO CON LOS CHEQUES DE DONACIONES QUE NUNCA NADIE SABE A DONDE VAN A PARAR...DE SEGURO SUS PROPIOS AMIGOS
Why not stop the Buffering and invest in a National WiFi with your next donation ?
That cash flow is going right back to him. There’s a reason these guys chose this route instead of taxes
Conscience bothering him?
We wouldn't need people like this to donate their vast billions of dollars if they had paid their taxes in the first place.
Billionaire philanthropy is a shame. Instead of acting like these people are heros, let's raise their taxes and fund a healthy social safety net.
Dont be naive
DONATIONS FOR HIMSELF
Biden knows how to spend that money better. We should let Solyndra Joe raise our taxes and give our money to his friends.
Wow! Gimme US$100 billion and I will gladly give away 99 billion. Ask Buffet to match that!
I wonder how much of that money actually went to people in need, instead of the greedy people at the top of those places he donated to. That's a lot of money that could help so many, and yet there is still homeless, hungry kids, and people living poverty.
That could have been a lot of normal pay raises to workers to enrich their lives & effort. It’s no wonder we have unions. And I don’t like unions.
I like this headline over the “Elon Musk is now richer than Warren Buffet” nonsense
Richard_Spoor And...?
fed money
How much of that went to bill gates charity?
Follow that money folks because if you think that money was paid out cause he is righteous then I got a bridge to sell you.
A backing on the implementation of ICCPR across the world will be more valuable for philanthropy.
Pledged or actually transferred?
How much money went to the Clinton’s and other political entities?Don’t ever think he is a good person, he’s owned by the DNC. He’s no better than Soros.
EL TEMA ES QUE DEJE DE MONOPOLIZAR LOS MEDIOS Y LA CULTURA DE TODOS!!!NO QUE COMPRE SIMPATIA CON MILLONARAS DONACIONES ...QUE NADIE SABE A QUIEN LES LLEGA!!!
No one would donate if they don’t get profit out of donation
OBESIDAD MORBIDA SE LIMPIA CULO CON 300 MILLONES...ESE VIEJO ASQUEROSO MINO LA CULTURA AMERICANA SUBYUGANDO A TODOS A SU ERRONEAS IDEAS
Old news....
True American and giver to better our country. Why can’t we elect someone with same values?
Who got this money?
Like COVID 19, no one seems to know anybody who’s got it...
He’s not donating money. He’s printing stocks. Only CNBC can promote frauds as philanthropists
Its WHAT? Now. Damn Warren.
🥺☺️🌃😁🤔🏅
and yet he just keeps getting richer. weird
Warren is the wealthiest man in the world those with more money are just that people with more money, good job Mr. B. WarrenBuffett
Philanthropic donations are great, hats off, the only problem I see is that these donations goto big charities where the directors/execs take million dollar pay packets and it continues down. How much actually gets to those that need it ? 25%?
Good role model
To avoid taxes and increase monies in trust fund.
Before or after he broke the country in 2008, then got bailed out? Using bailout money for philanthropic donations is a joke.
He donates to Lucis (Lucifer) Trust. Lucis believes in the Blavatskyian, 'Great White Brotherhood' which is consistent with neo-malthusian aim of the IMF to exterminate dark-skinned races. In Bailey work Education in the New Age, she also endorses Nazi eugenics to purify the race
EdwardHedgecock It should have already ben taken in taxes and more. The rich are killing us.
People talking shit about one of the greatest man alive, don’t know he pledge 99% of his fortune to charity, and that e advocates for higher taxes for the rich 🤦🏻
where did the money go?...more leftist causes, like corrupt George Soros did?...
No one should be counting philanthropy...
Non got to Africa I stand corrected
How about robinhooders?
GregFromDaTrap
Nobody cares except democrats
The ultimate goal of wealth should be to make a difference
But is he a tRumper?
$36 billion would be better investment in nuclear fusion. No amount of money is ever enough to feed the lazy and slum.
Glad to know , but elonmusk has been a bigger philanthropist with his brains. deeperinsights
Wow!
stoolpresidente take this in for a moment, and realize you will never come close to this...
This is the correct way to report it. Instead of “the worlds wealthiest” people, let’s see who’s “the worlds most giving” and admire them to encourage more giving.
Sure. We believe this.
And that is excluding compounding. With compounding it would have been a lot higher.
Good job. Many people can't give a dime to the needy, and they come on here criticizing a man that's given away a fortune. Charitable contributions is deductions is available to EVERYONE.
He's donated to yacht companies, builders of beach resorts, and cocaine manufacturers
he needs to give to Biden or just make commercials for his campaign. Help save America from another 4 years of kayos.
Lol the idiots in these comments. The tax benefits aren’t greater than the donation.
Not that it should happen. But the American people, through the government, has the awesome right to print any amount of money for all just purpose. This makes all billionaires combined efforts at charity seem in many ways small.
And to think of all those lives he could have enriched just by giving workers & staff proper raises each year. 🤨🤨
Warren Buffett stole billions of dollars from Americans using lobbyists in Congress. We owe him nothing.
He can get tax breaks but can’t give dividends. I see that trick.
I never catch my piece of pie then. Who distributed the pie? Huh! 😒👎💰💥 not fair!
I thought all rich people were scumbags CNN!!!
Phenomenal !!!
And this is relavant how? Good he donates but really what he gone do with it...take it with him?thing is with all the $$$donated we still have....all the other foolishness going on... the $$$ don't make the difference. Yes it helps but change of heart ..not so much.
This sounds like complete bullshit to me, it’s probably some kind of tax Scam, given to foundation that is controlled by him and then the foundation probably invest the money in companies he likes and then small portion of this money is actually been donated while avoiding paying
For sure bs. Just moves money around wake up. They even call it phalantropy for a reason.
Slush funds
*tax deductable
thats nice. considering he essentially doesn't pay taxes.
That’s cool but why don’t you do a story on his tax payments since 2006? Donations are nice. He’s doing good but it’s insane that society has to sit back and hope for kind billionaires to do nice things with their money.
How much has elonmusk donated since 2006? I’d like to think that number would increase, having just surpassed Buffet’s net worth
A truly great man. Shame on anyone saying he hasn’t given enough. He didn’t have to give any. Stop being jealous and appreciate something good for once. Far left mentality is disgusting.
Thank you Mr. Buffett
Good man.
ball_brother_zo but cnn told me billionaire bad
Abolish ALL Billionaires
You mean into Bill Gates & Oprah’s Foundation’s where they then make donations to his? GFY.
Fuck this dinosaur that's been dodging taxes for decades.
Is there ANY other 1%er that has donated THAT MUCH MONEY?
He is not giving, he is transferring his wealth (tax free) with live insurance.
To his family and kids' charities founded by his wife. And to Bill and Malinda Gate foundation which is controlled by three trustees: Bill Gates, Melinda Gates, and Warren Buffett. William H. Gates, Sr. is the foundation’s co-chair.
Ok and the amount of taxes he's dodged makes that look like a drop in the bucket.
Where?
Pennies..... Net worth 67.8 billions ... think about it..... do the math....
But does he pay his full taxes?
....but I thought all rich people were evil....
I thought the rich don’t help anyone but themselves SenSanders and TheDemocrats
what’s his email address? i got bills...
👏
Warren Buffett a great example as is Bill Gates. Branson sugar green royal family and slimy BANKS take note . And football GREED Cut the wages lower prices. Reduce government excesses. Just take a money axe and reduce overheads. Don't forget the slimy Barclays.
I have donated more than he ever would. I have donated my time and energy to millions of Americans! Some ungrateful! But I still do it. I am the biggest philanthropist in the great USA!
This is why Warren is the greatest investor to ever invest into stock.
DEFINE PHILANTHROPY BLACK. GENOCIDE?
This man though... 🙌👑🙌
I've never received a dime from him anyway
Phenomenal stuff :)
Well all I get is India people trying to scam me. It would be nice to find someone who is the person who is in the picture. That is interested in my invention ideas.
Shame on you..none to black causes..... Go commie.
The lesson here is for all investors It's right to always give back to the society
how much of that money was laundered and how much of it was gained through tax breaks and gaming the system?
wish he could send me some!
He can throw some my way... just sayin
Well, he can't take it with him!
larissafernand ZINDABAD
He's a good man ! 💛
'Philanthropic donations' Billionaires could solve world poverty and balance the wealth distribution but they rather not. These sociopaths are not helping. Just a tax evasion scheme.
He’s been a great financer of the gatesfoundation, so when we remember all the women and children that BillGates sterilized or the PPFA donations just remember, Warren is part of it.
How many misanthropic donations has he made?
People on here are so entitled. It's his money and he can do with it whatever he likes. What if he didn't give out a penny, what'd would you do?
Send me $ 50.dollars geezer🤣🤣🤣
Legend
😮 wow
Only counts if money goes to organizations donor does not have influense on. Otherwise its just legalized tax evasion.
That's nothing more than he and his rich friends passing money back and forth and claiming it at tax time. Not only do they not pay taxes they make money from it.
WarrenBuffett I just need 300k to own my home. Not asking for much lol you can write it off as a donation
And IlhanMN and AOC want to wipe his wealth out! LiberalismIsTheRealPandemic
Yeah, to himself. Bunch of Foolishary Hogwash CON ARTIST.
He could be our President and do much better than Trump...
Wow
Oh wow 🙄
Rare footage of Warren Buffet as a child
Just giving to wealthy people to help with his taxes.
It's called Reputation fees
AnitaSharma stoolpresidente not bad for an old guy, eh Dave?
We’ve spent 3.7 trillion this year on social programs and people are still poor. Why is that?
where did the money go?
Want high light one issue. Now days all trading companies offer open online trading account, but thier is only you can buy shares not sell options, they said you have to physical documents send to us ( angel broking ), so what is use of doing online opening. Can you please look
Hey:) buffet , why are giving money to rich people, you should distribute yourself to poor people via internet, if there is no internet then transfer directly to bank account, if no bank accounts perhaps you should visit the poor and distribute your donation.
His performance came from a time when pooitical inside info was legal and he had a lot of pilitical clients . Performance has been avg since
He’s not giving away...he’s returning billions. They’re all crooks.
He should donate to spaceX
Giving is the real key to his success...he totally rocks and may God continue to bless him.
Every person that can’t be arsed to learn the tax rules or even build their own empire, always fill the comments with negative responses. Always wanting it handed out on a plate for nothing 😂😂
Would be better if an even greater portion of wealth of those like Buffet were allocated by a democratic process for social good.
Who ate all the money? Politicians? The world hasn’t improved one bit.
Goals 💪❤️
Should pay tax and then donate. He is using the donation loophole to avoid taxes. Doesn’t make sense to celebrate everything billionaires do.
The number of employees working in the NGOs funded by Mr Buffet’s charity must be more than any big corporate. Mr Buffet deserves a Noble prize in Philanthropy if there is one. NobelPrize
Scam
Great! Someone who owns so much fortune, has to have moral (!) obligation to donate! If he does it with a true heart, it cannot be a burden, I guess. 😎💰👍
Wicked
It could almost trick you into thinking that he is a nice person.
❤❤❤
Nice taxe break....
Lemme get some warren
Only...? Should have been in billions...
BeckyQuick seattleCAUSEDlives finish or let me the duck out. I’ll get ragged and this whole bull shitv about fag marriage. Over before you got s a chance so. In not happy with all this. Find my license and hold my passport. I need to get out by tonight BLAMESeattleTAXCHEATS amazon CIA
BeckyQuick Hmmmmm...do you call it giving away if it's really written off his taxes?
BeckyQuick Wow
BeckyQuick American idol
BeckyQuick Money that he has stolen from the public through Washington Lobbyists can't be labeled 'philanthropy'!
BeckyQuick He’s worth 71 billion, giving 4% of his worth to charity.
BeckyQuick More cash for COVID VACCINE STOCKS:
BeckyQuick Who did he give it to is the more important thing here. Gates Foundation recurved a nice chunk I bet.
BeckyQuick Idiot. Should've bought Shopify stock with that money
BeckyQuick Don’t forget the $10 billion gift he gave Dominion
BeckyQuick Give to the world ~ the world loves you.
BeckyQuick Tax structure is fine, however tax income revenue vs spending habits need to improve and scale down in every sector, every year tax collections has been increased, infrastructure has been in placed, what is happening wrong needs to reform
BeckyQuick Not sure if I’ve ever seen andrewrsorkin shut down as quickly as BeckyQuick did concerning the tax benefit! JoeSquawk did you take notes?!?
BeckyQuick Becky sure loves Warren
BeckyQuick Giving away money to charities run by his children. Except for the Bill&M Gates foundation, formed by his wife?
BeckyQuick Those 37 billions would have helped thousands of minority kids in failing urban areas to go to charter schools and help them get out of the cycle of poverty they’re trapped in.
His biggest give away was airline stocks!
BeckyQuick taxes. check.
BeckyQuick A national treasure.
Man, that’s more than my dad made in his lifetime.
What has improved? Thats a lot of $
he sponsors Lucis (Lucifer) Trust and Steiner foundation. Steiner: Those people, who had developed their [“I am”] too little, and who were too exposed to the influences of the sun, were like plants: they deposited too many carbonic constituents beneath their skin and became black
I'm open for donations, too, WarrenBuffett. 🤭
Hes a walking tax fraud...
He is giving billions to a billionaire to force vaccinations down our throats. That isn’t charity
Donated to bill gates and the deep state
ESTE VIEJO SE CREE DUEÑO DE UNA ECONOMIA UNIPERSONAL DEPREDADORA Y MONOPOLICA QUE PERJUDICA Y ENCIMA PRETENDE HACERSE PASAR POR BUENO .... FORZADAMENTE CON 'DONACIONES'A SUS PROPIOS AMIGUITOS!!!
How about the management of AMZN, AAPL? They did not do efforts for US in COVID-19 pandemic after FED buy their bonds.
Wrong Headline Warren Buffet Forces American Taxpayers To Give $1.2 Billion to Charities of His Choice Why do we offer tax deductions for charitable contributions? Does it incentivize giving to worthy charities? Or, does it incentivize creating charities? TaxTheRich
Receiver of donations
Warren is giving some, American taxpayers are giving some. Why do governments offer tax deductions for charitable contributions? Does it incentivize charitable giving to worthy charities? Or, does it incentivize the creation of self serving charities? TaxTheRich
stoolpresidente barstoolsports wow you bought a guy a pair of pants. You are super generous. I mean fuck those suits on Wall Street I mean what have they ever given away. Like you say they are only looking after them selves. I am glad that DDTGInsider made six figures
Buffet should have made a donation this time to working class Americans instead of to The Gates Fundations. He should set up Covid-19 Relief Funds to American small businesses folks - mom & pops businesses, separate from the Feds Stimulus Money run by corrupted Trump & Co.
He’s not donating money. He’s just printing $BRK stocks. He can technically print as many as he wants
CC stoolpresidente
Legal Tax evasion?
Just used as tax write off
Raising my hand. I'll take a few bucks if you have some left over. Thanks.
That's type good but where does that $$ really go?
billionaires shouldn't exist
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