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Where’s the inconsistency? When he made this claim (2006), his net worth was around 50 billion. Now it’s around 100 billion. He’s somehow managed to double h
by nextstep 5y ago
Where’s the inconsistency? When he made this claim (2006), his net worth was around 50 billion. Now it’s around 100 billion. He’s somehow managed to double his net worth AND get media coverage that he’s given away half his wealth.
- burnished 5y agoI see that your take away is that Warren is lying, right? Have you considered that his wealth is growing faster than he can give it away?
- pb7 5y agoThe statements seem pretty clear. He said he has given away half his shares, which he has. The other half happens to have appreciated a great amount since his last statements. Do you understand how the stock market works? It goes up all the time. Berkshire Hathaway is no exception. Tens of billions were still donated, regardless of his current wealth.
- tinco 5y agoWhat do you mean "somehow"? Warren Buffet doesn't magically make money, he runs a successful investment business. At some point in history it was worth 10k later it was 50 billion and later still it was 100 billion. Also in 2006 he said he would give half away, which at the time was worth 25 billion according to you, but at this point he has given away 45 billion, which according to him is half his net worth. There's obviously no inconsistency, interesting that you would not point that out.