Gates and Buffet have asked other billionaires to donate half of their wealth to charitable causes
Bill Gates and Warren Buffet have known each other since 1991.
Photo: Photo by Getty Images / Getty Images
With a cover of the song “You’ve got a friend in me” from the Toy Story soundtrack, Bill gates, the second richest person in the world, baked a cake at Warren buffett to celebrate the investor’s 90th birthday.
The co-founder of Microsoft sent him a congratulation through a video posted on the social network Twitter and on his blog the millionaire mentions that “Warren has a phenomenal eye for talent. It buys great businesses run by brilliant people and then gives them the autonomy to make their own decisions.
Gates assured that most of the people who work in the companies that are part of Berkshire Hathaway they remain in office for decades and often beyond retirement age. “Even if they make mistakes, they know Warren will stick with them,” he wrote. Gates.
Happy 90th birthday, Warren! pic.twitter.com/8nH2EulTR4
– Bill Gates (@BillGates) August 30, 2020
Gates and Warren have known each other since 1991. Berkshire Hathaway has interests in brands such as Coca Cola and American Express, among many more, and has had a 20.3% annual gain in market value since 1965.
Just this weekend Berkshire Hathaway, Buffett’s holding company, acquired shares of five Japanese companies ranging from home shopping to convenience stores. Warren bought shares in Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co., and Sumitomo Corp.
The investment moves in a different direction than other investors who have withdrawn $ 43 billion dollars from Japanese stocks by preferring high-yield technology stocks in the United States and other companies considered stronger in the face of economic uncertainty caused by the pandemic of coronavirus.
According to the Bloomberg news agency, Warren’s stake is valued at more than $ 6 billion They represent about 4% of Berkshire’s total cash.
In 2010 Buffett and Gates launched the campaign Giving Pledge, asking other billionaires to pledge to donate half of their wealth to charitable causes
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