KOLNKGIN - News - Headlines

Buffett's Kids Use Dad's Ideas to Invest in Giving

By: Associated Press
Updated: Tue 4:34 AM, Oct 02, 2012

As they give away part of Warren Buffett's fortune, his three children have adopted an approach remarkably similar to their father's technique for making all that money.

Like Buffett, each relies on tiny staffs. And whereas their father invests only in businesses he understands, they restrict their giving to targeted projects.

Warren Buffett doesn't direct how the foundations created by Susie, Howard and Peter Buffett spend the estimated $2.6 billion in Berkshire Hathaway stock they'll receive, but his children seem to have absorbed his philosophy.

All have focused on topics reflecting their interests.

Howard Buffett is helping farmers in impoverished nations increase harvests. Susie Buffett is strengthening early childhood education and trying to reduce teen pregnancy. Peter Buffett wants to empower women and girls through education, collaboration and economic development.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
First at 4

Special Features

Hot Button
What's hot on 10/11 news
Lance's Journal
Inspirational and intriguing stories
Star City Buzz
Find out what's happening around Lincoln!
Health tips and stories
Big Bonus Bucks
1/2 price gift certificates!
NBA Scholarship
Nebraska Broadcasters Association scholarship program
KOLN-TV Call: (402) 467-4321 Toll-free: 1-800-475-1011 840 North 40th Lincoln, NE 68503 Email: info@1011now.com KGIN-TV Call: (308) 382-6100 123 N Locust Street Grand Island, NE 68802 Email: kgin@1011now.com KSNB-TV Toll free 888-475-1011 123 N. Locust St. Grand Island, NE 68802 Email : ksnb@1011now.com
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 171987681