In June 2006, Warren Buffett announced plans to contribute approximately 10 million Berkshire Hathaway Class B shares to the Bill & Melinda Gates Foundation (worth approximately USD 30.7 billion as of June 23 2006) making it the largest charitable donation in history.
Despite his immense wealth, Buffett is famous for his unpretentious and frugal lifestyle. When he spent $9.7 million of Berkshire's funds on a corporate jet in 1989, he jokingly named it "The Indefensible" because of his past criticisms of such purchases by other CEOs. He continues to live in the same house in the central Dundee neighborhood of Omaha, Nebraska that he bought in 1958 for $31,500. (although he also owned a more expensive home in Laguna Beach, California which he sold in 2004).
OBVIOUSLY there are plenty of hypocrites and dumb fools leading the world. Nobody asked you to follow them.
