> Buffett's premise on not giving much of his wealth to his children I mean, it's still an insanely huge amount of money he'd be giving to his children (Gates

> Buffett's premise on not giving much of his wealth to his children I mean, it's still an insanely huge amount of money he'd be giving to his children (Gates as well). 1% of his networth is $762 million - you're talking about an insane amount some people are going to get just by being born (even after taking into account inheritance taxes and splitting the money among siblings). And we should also remember that charity is a form of conspicuous consumption for the ultrawealthy. Huge charitable donations are the modern day equivalent to monuments or statues. You're well passed the point where your money can increase your personal well being, so you might as well spend it on something that makes people pay attention to you, wins you accolades and gives you a legacy.