The Contributions Of Warren Buffett

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Warren Buffett Colson Witten Mr Vance Dec. 5, 2014 CHW4U “Philanthropy is commendable, but it must not cause the philanthropist to overlook the circumstances of economic injustice which make philanthropy necessary.” Martin Luther King Jr. Warren Buffett is currently the third richest person on the planet with a network of 73.5 billion dollars. He was able to amass his vast fortune through his companies as well as his incredible ability of investing in profitable stock. However, despite having such vast personal wealth, Buffett continues to be an extremely generous person. He has given away a large portion of his fortune to charities to help out people who are less fortunate than him. Warren Buffett has provided a…show more content…
According the the campaign’s official website the goal of the campaign is to, “help address society’s most pressing problems by inviting the world’s wealthiest individuals and families to commit to giving more than half of their wealth to philanthropy or charitable causes either during their lifetime or in their will.” So far there have been 128 billionaires who have signed the pledge and together these people have already pledged over 500 billion dollars to philanthropic causes. While most of the billionaires who have signed up so far are from the United States, Buffett has gone to both China and India to try and encourage the people there to sign up as well. Encouraging other people to give money is another way that Buffett has contributed to society. Finally, because Warren Buffett is donating so much of his wealth and because he is encouraging others to donate as well, the charities and foundations that receive these funds are able to do a great deal for society. The Howard G Buffett Foundation (one of the organizations supported by Warren Buffet and started by his son) according to its website is attempting to “improve the standard of living and quality of life for the world’s most impoverished and marginalized populations.” It is doing this by teaching people in Africa how to farm and providing them with water so that they can grow crops. The Novo Foundation (a foundation started by another one of
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