Thursday, 10 March 2011

What Might Have Happened When Warren Buffet Gave Away His Fortune?

By Paul Market


Made famous by his entanglement with Bill and Melinda Gates who have gone from making billions with programmed computers to making more billions by acting as charity holders for billionaires, Warren Buffett is a very interesting financial problem.

The huge fortune made by Warren Buffett through his work in insurance and his takeover of Berkshire Hathaway has been donated to the Gates Foundation. The Gates Foundation is controlled by Bill and Melinda Gates. Their current charities of note are donating to small farmers and trying to cure polio. The Gates Foundation is amassing billions from oil rich sheiks, as well.

What are the problems that could and might have happened? First of all Warren Buffett made his fortune in the United States by playing the stock market with amazing success. His life work in the insurance business pinnacled when he gained controlling stock interest in Berkshire Hathaway, an old world manufacturer in New England.

It seems to the casual observer, that the Gates Foundation is used as a depository for huge fortunes. Their charitable work overseas does not help the dire financial situation that is confronting the United States. The insurance magnate that made billions on Wall Street has transferred his fortune to a couple living overseas and donating billions made in the United States to helping global ventures of small farming and vaccinations.

The fact is that Warren Buffett's bizarre transfer of his fortune to the Gates Foundation might have been responsible in part for the mortgage default situation that rocked the financial stability of the United States of America. Warren Buffett's fortune being transferred to the Gates Foundation might have been a very poorly planned strategy and the reasoning behind seems aimed at hurting the United States itself.




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