Feeds

Buffett donates billions to Bill Gates' charity

Rich man gives cash to richer man

Top three mobile application threats

Warren Buffett, the world's second richest man, has pledged $30.7bn of his $44bn fortune to the Bill and Melinda Gates Foundation. The billionaire investor will donate the money in stages, he said, in the form of shares in his company Berkshire Hathaway Inc.

This year the Gates' Foundation will receive half a million shares worth around $1.5bn. In total, Buffett has pledged 10m shares to the foundation, which will get a further five per cent of the total, each year, for as long as either Bill or Melinda Gates remains involved with the charity.

According to the Chronicle of Philanthropy, it is the largest charitable donation ever made.

Buffett, who plays Bridge with Gates, said he had chosen to donate the money to Gates' foundation because he isn't as suited to philanthropy as the Microsoft founder.

He told Fortune magazine that he decided to divide up his fortune following the death of his wife in 2004. He had expected she would outlive him, he explained, and that she would see to disposing of his wealth. He has earmarked a further $6.3bn of stock for Buffett family foundations.

The Gates' are said to be "awed" by the donation. ®

Combat fraud and increase customer satisfaction

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.