By the way, look at the following numbers:
* Bill and Melinda Gates Foundation (BMG) currently worth: $25 Billion
* Bill Gates currently worth: $50 Billion
* Warren Buffett currently worth: $44 Billion
Once Buffett has given 85% of his fortune to BMG, and assuming Gates himself will do the same, the foundation will have a worth of...
$104.4 Billion
Which is a staggering sum for a charity to have. Why, invested in a stock that returns a measly 8% a year, the charity gains $8.4 Billion in capital gains per year.
BMG currently gives away money at around $1 Billion per year, so the fund will earn 8 times that in just capital gains! It will soon have to increase spending to an incredible level!