Billionaire Buffett serves the African poor
Howard Buffett, son of famed Wall Street guru and billionaire Warren Buffett, is spending not just his finances but also his life fighting hunger in Africa.
According to the Wall Street Journal:
It was ordained that Howard and his two siblings would see the family fortune given away rather than have it to spend on themselves.
His father, who lives far below his means in a modest Omaha house, has argued publicly that it does little good for society when children inherit great wealth by virtue of an ‘ovarian lottery’…Of his middle child, he says, ‘he’s got my money and his mother’s heart’…
It’s hard to measure the impact of Howard Buffett’s foundation, something Mr. Buffett himself acknowledges. He does most of the work finding and visiting projects…. He employs eight people, mostly in administrative roles. One man is based in South Africa overseeing research on Mr. Buffett’s 6,000 acres of farmland outside Johannesburg. It was there on a wildlife preserve that he set up that a cheetah bit him.
Mr. Buffett figures his foundation’s projects have helped about 1.5 million Africans so far. He hopes that the crop-breeding work he is supporting will eventually help millions more African farmers feed their families.
Video below is excellent and worth a few minutes of your time.