Anytime I see wealthy people make a big pronouncement about leaving nothing to their heirs, it's always a revealing indicator to me that A) their "wealth" was always intangible and paper only and B) it was probably never theirs to gift to begin with.
Evil only lends, it never gifts.
Many of these families end up shocked when estate attorneys sweep through and reveal the departed's true net worth.
It’s still going to his heirs. His children run massive non-profits (to which he consistently donates) and I’m willing to bet money he’s donating his wealth to these charities when he passes. It’s just optics to make all the sheep think he’s a good guy.
Yep. Just one big money laundering scam for the elite. With a little plus of stealing from the little guy who is hoping to put their extra cash back into the world.
Yep, it's the exact same play the Rockefeller, Vanderbilt, Carnegie generation did. "Give away their money" to causes that conveniently allow them to shape society long after they're dead, but in the shadows. Anyone who doesn't think those families still pull a lot of the strings is kidding themselves.
It's a scam. He donated to Gates Foundation, but he still controls everything as if he owned it.
Complains that taxes are not high enough, but he avoids the taxes himself.
Don't know if it was finally settled or still ongoing, but he has had a multi-year battle with the IRS to avoid paying taxes the IRS says he owes.
He is a charlatan -- someone who pretends to be something he is not.
His schtick is that he is a "value stock investor," buying stocks "cheap" and holding longterm. He might use that as part of his overall strategy, but that is not how he got rich.
His father was a US congressman. When he was 10 years old, his father introduced him to the CEO of Goldman Sachs. Not a typical upbringing.
Once out of college, he set up a hedge fund (back then, called an "investment trust") and his parents and their friends set it up with $100,000 (a lot of money in the 1950's). He got 50% of the profits, even though he didn't put up the money.
He bought a textile company, Berkshire Hathaway, which was failing, and I bet it was due to its massive tax losses, so he could shelter income.
He turned it into an insurance company, because back then, insurance companies could make profits tax-free.
He gets "his people" installed on the board of directors of a company when he buys a signficant portion of that company. That allows him to help direct that company on what to do -- aimed at making the stock price go up.
His wealth was made on (a) leverage and (b) avoiding taxes -- two things he claims nobody should do.
I've heard stories from people who met him, and the word is he is a complete asshole in private.
Plus, he is close with Gates, which makes him even more suspect.
Anytime I see wealthy people make a big pronouncement about leaving nothing to their heirs, it's always a revealing indicator to me that A) their "wealth" was always intangible and paper only and B) it was probably never theirs to gift to begin with.
Evil only lends, it never gifts.
Many of these families end up shocked when estate attorneys sweep through and reveal the departed's true net worth.
It’s still going to his heirs. His children run massive non-profits (to which he consistently donates) and I’m willing to bet money he’s donating his wealth to these charities when he passes. It’s just optics to make all the sheep think he’s a good guy.
Yep. Just one big money laundering scam for the elite. With a little plus of stealing from the little guy who is hoping to put their extra cash back into the world.
Yep, it's the exact same play the Rockefeller, Vanderbilt, Carnegie generation did. "Give away their money" to causes that conveniently allow them to shape society long after they're dead, but in the shadows. Anyone who doesn't think those families still pull a lot of the strings is kidding themselves.
It's a scam. He donated to Gates Foundation, but he still controls everything as if he owned it.
Complains that taxes are not high enough, but he avoids the taxes himself.
Don't know if it was finally settled or still ongoing, but he has had a multi-year battle with the IRS to avoid paying taxes the IRS says he owes.
He is a charlatan -- someone who pretends to be something he is not.
His schtick is that he is a "value stock investor," buying stocks "cheap" and holding longterm. He might use that as part of his overall strategy, but that is not how he got rich.
His father was a US congressman. When he was 10 years old, his father introduced him to the CEO of Goldman Sachs. Not a typical upbringing.
Once out of college, he set up a hedge fund (back then, called an "investment trust") and his parents and their friends set it up with $100,000 (a lot of money in the 1950's). He got 50% of the profits, even though he didn't put up the money.
He bought a textile company, Berkshire Hathaway, which was failing, and I bet it was due to its massive tax losses, so he could shelter income.
He turned it into an insurance company, because back then, insurance companies could make profits tax-free.
He gets "his people" installed on the board of directors of a company when he buys a signficant portion of that company. That allows him to help direct that company on what to do -- aimed at making the stock price go up.
His wealth was made on (a) leverage and (b) avoiding taxes -- two things he claims nobody should do.
I've heard stories from people who met him, and the word is he is a complete asshole in private.
Plus, he is close with Gates, which makes him even more suspect.
He's a cabal front. He's probably about as good at trading stocks as Hillary Clinton is at trading livestock futures.