Warren Buffett: The Oracle of Omaha by The Associated Press

Author:The Associated Press
Language: eng
Format: mobi
Publisher: Mango Media
Published: 2015-03-29T14:00:00+00:00

Facebook CEO Mark Zuckerberg smiling at an announcement in San Francisco. Another 17 of America's richest people, including Zuckerberg, junk bond pioneer Michael Milken and AOL co-founder Steve Case, have pledged to give away most of their wealth. They are the latest to join the Giving Pledge, an effort led by Microsoft founder Bill Gates and investor Warren Buffett to commit the country's wealthiest people to step up their charitable donations, November 15, 2010. (AP Photo/Paul Sakuma, file)

President Barack Obama congratulates Warren Buffett after presenting him with a 2010 Presidential Medal of Freedom in an East Room ceremony at the White House in Washington. In his weekly radio and internet address Saturday April 14, 2012, Obama urged Americans to ask their member of Congress to support the "Buffett Rule," named after the billionaire investor who says he pays a lower tax rate than his secretary. Obama says the nation can't afford to keep giving tax cuts to the wealthiest, "who don't need them and didn't even ask for them," February 15, 2010. (AP Photo/Carolyn Kaster)

Buffett, who did not immediately respond to questions submitted via his assistant, has played a key role in encouraging his peers to redistribute their wealth by choice. In 2010, he launched the Giving Pledge program in which wealthy entrepreneurs publicly promise to donate at least half of their riches to charity. Adherents including Facebook CEO Mark Zuckerberg, oil tycoon T. Boone Pickens and former New York Mayor Michael Bloomberg.

Economics Writer Paul Wiseman in Washington, D.C., contributed to this report.

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