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Warren Buffett Donates Another $5.3 Billion to Charity

Posted in Finance

3 mn readLegendary investor Warren Buffett has continued to show his generosity by donating $5.3 billion worth of shares to five non-profit organizations. Typically, this underlines Buffett’s commitment to the goal of giving away most of his fortune in the course of his life or after his demise. The lion’s share of about $4 billion would be going to the Gates Foundation. These cash donations arrived at a good time as the $75 billion endowment charity is undergoing some transformations. Recently, Melinda French Gates, who separated from the billionaire Bill Gates in 2021, hinted at leaving the foundation to establish her own charity fund. As a result, the organization has recently dropped the words ‘Catholic’ and ‘Carnegie’ and is now known and operates globally under the name Gates Foundation.

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‘An Old Friend’ Xi Jinping Meets Bill Gates in China

Posted in News

3 mn readIn mid-June, Chinese President Xi Jinping met with Bill Gates in his first meeting with an American entrepreneur in years. During this meeting, Jinping called Gates an ‘old friend’ and said that he hoped the two countries would find a way to cooperate and work together to benefit them. The meeting was held at the Diaoyutai State Guest House in Beijing, a traditional location used by Chinese leaders over the years to receive senior guests from outside countries. Xi enjoyed meeting with the Microsoft Co-founder and philanthropist for the first time in three years. He added that Bill Gates was the first American entrepreneur he completed this year.