William Buffet donated 31 billion dollars to the Gate’s Foundation. That’s a lot of money.
Â In total, he donated about 37.4 billion dollars – 85% of his total worth which is 44 billion. But with 6.6 billion dollars left, the guy still has so much money that he could live richly off just .1% interest, which would be 6.6 million dollars a year. Read the entire article to see what he says about money going to the next generation. Interesting.
Â At that level of rich, money becomes just a game that is almost impossible to lose. These people will never struggle with the bills, let alone face starvation.Â They have all the power they need to make themselves comfortable. TheÂ acquisition of more loses it’s savor. Don’t you think that what was once exciting high stakes competition becomes just a little pointless?
So what does the successful entrepreneur do then?
Charity donation is the next level to that game. There are lots of challenges in high power philanthropic work. You can’t just throw money anywhere – there are scams and crooked governments. There are hard diseases that need a cure. There are billions of people that need education to make themselves independent. It’s a tough playground. Can you handle it?