Buffett's kids use dad's ideas to invest in giving
OMAHA, Nebraska (AP) - As they work to give away part of Warren Buffett's roughly US$47 billion (S$58 billion) fortune, his three children have adopted an approach that looks remarkably similar to their father's technique for making all that money.
Like Mr Buffett, each relies on tiny group of staff. And just like their father invests only in businesses he understands, they restrict their giving to their targeted projects.
Mr Warren Buffett doesn't direct how the foundations created by Susie, Howard and Peter Buffett spend the estimated US$2.6 billion in Berkshire Hathaway stock they'll receive, but his children seem to have absorbed his philosophy.
"I think the only pressure I feel from him is making sure we're smart about how we spend the money," said Howard Buffett.