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If I’m misunderstanding the math here, can someone please explain this (instead of just downvoting me )? The numbers from Forbes show him roughly doubling his
by nextstep 5y ago
If I’m misunderstanding the math here, can someone please explain this (instead of just downvoting me )? The numbers from Forbes show him roughly doubling his wealth since 2006.
- tinco 5y agoHe is accruing value faster than he is spending it. He was worth 50 billion in 2006, and giving away half would have meant giving away 25 billion. But last year he was apparently worth 100 billion, and he has already given away 45 billion worth of assets. It's a bit hard to quantify exactly how much he should give away to make good on his promise, because the dollar amount is a moving target. I think maybe he means half of his holdings in Berkshire Hathaway. I haven't looked into what sort of assets he has, but judging from his public writings I wouldn't be surprised if the shares are the only thing of significant value he owns.