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Warren Buffett’s $143 Billion Fortune to Be Donated After His Death
Warren Buffett, the 6th richest person in the world, has chosen to donate his entire $143.1 billion fortune to charity after his death.
His three children, Howard, 69, Susie, 71, and Peter, 66, will be in charge of distributing the money to charities of their choice over the course of 10 years.
Howard, set to become Berkshire Hathaway’s nonexecutive chairman, acknowledged the challenge, stating, “It’s not so easy to give away money if you want to do it smart.”
Despite the difficulty, he expressed gratitude for the opportunity, noting that they would work together as a family to ensure the funds are used wisely.
Since 2006, the siblings have donated over $15 billion of their father’s money through their own foundations.
Howard also emphasized that he believes wealthy people should give away their fortunes during their lifetimes, rather than leaving it in perpetual foundations.
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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