I came to know about this incredible fellow here. He ended Bill Gates’ 13-year reign as the richest man. He must be owning world’s biggest, largest, bestest … Whatever the money can buy must be under his belt. But I was sadly disappointed.
He does not have a cellphone, has no computer on his desk, drives his own car and does not have security guard with him. He is the world’s richest man, the living legend, Warren Buffett!
But he is not the one to flaunt his riches, simple and down-to earth, Buffett continues to live in the same house in Omaha that he bought in 1958 for $31,500. He says that he has everything he needs in that house. His house does not have a wall or a fence.
He never travels by private jet, although he owns the world’s largest private jet company.
But I was more interested in knowing how much he will leave for his children.
His children will not inherit a significant proportion of his wealth. Buffettt says, “I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing”.
I wish all parents can read what the richest man on this planet thinks. This world will see few less spoiled brats!
Hi,Alka-I remember reading about this guy..but,not the last line,about what he wants to leave for his children..that’s inspirational,certainly.There’s be a lot less spoilt brats around,if everyone thought thusly..I agree.
Amusing. Can one imagine what even 15-20% of the richest man’s wealth would be equal to?
What is the amount of wealth which could make a person feel that he could do anything?
Definitely parents should read, so that they try to plan to provide such that the kids feel that they could do anything. :o)
AmitL certainly it takes a lot of self discipline not to spoil kids.
Paradox, thank you very much for your valuable inputs.
Also he was not traveling outside of his city for long time. Recently he travelled out. I happen to watch Tom Brokaw’s interview and it was amazing to know that he does not have tax planners and his suggestions to change the tax laws.
He pays less tax than his secretary pays. He celebrated his birthday recently and no news about it.
This video in youtube is nice
http://www.youtube.com/watch?v=iW1eg9p5wq4&feature=related
RD
RD, welcome. And thank you very much for new bits of information. I WILL watch the video soon.
Thanks for bringing this to us, Alka. Yes, I too wish all the parents read the post. Thanks again.
Destination Infinity