Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Does Warren Buffett Donate More Each Year Than Donald Trump Is Worth?

FYI: Donald Trump’s net worth was an estimated $3.1 billion in 2018. According to the United Nations and International Monetary Fund, that’s more than the annual GDP of at least two-dozen countries. OK, these are tiny countries like Belize, Granada and the Seychelles. But $3.1 billion is still a huge chunk of change.

It’s easy to criticize the world’s super-rich. Tax laws, it seems, were tailor-made for them. And the Economic Policy Institute says the wealth gap in the United States keeps getting wider.

That isn’t cool. But at the same time, it might now be chic for the rich to give money away. Each year, for example, Warren Buffett donates more money than Donald Trump’s net worth. According to Reuters, Buffett gave away $3.6 billion in 2018. Since 2006, he has donated a staggering $35.5 billion to charity.
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/does-warren-buffett-donate-more-each-year-than-donald-trump-is-worth-
Sign In or Register to comment.