Web Design. Development. Optimization. RSS 2.0
 Monday, June 26, 2006
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!
Monday, June 26, 2006 7:20:24 PM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] -
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The opinions expressed herein are my own personal opinions and do not represent my employer's view in any way.

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Scott Duffy
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