Warren Buffett Turns 82, Gives Kids $100 Million

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Warren Buffett turns 82 years old today, and the Oracle of Omaha marked the occasion by donating $100 million to his three kids' foundations. Yes ... $100 million.

The Berkshire Hathaway founder made the generous gift to his offspring via stock in his conglomerate. The extra amount would be worth a shade over $102 million.

Far from shabby. Here’s Buffett's letter to the kids, signed “Love, Dad.”

Warren Buffett Photo

Dear Susie, Howie and Peter:

It’s been six years since my pledge of 17,500,000 Berkshire B shares (adjusted for a 50 for 1 split) to each of your foundations.

I knew you would apply your considerable brains and energies in order to make the most of the funds from my gift. However, you have exceeded my high expectations.

Your mother would be as proud of you as I am. I see her influence in what you are accomplishing.

I’ve decided, therefore, to double the original pledge that now stands at 12,220,852 B shares. On the new base of 24,441,704 pledged shares, I will distribute 1,222,085 shares to each of the three foundations next July with that amount decreasing at 5% per year subsequently.

Over time, I would expect the value of the annual distribution to average more than $100 million, though it will vary substantially from year to year. I’m confident you will use the money wisely, each in your own way.

Love,
Dad

[Photo: WENN.com]

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Mr. warrent, you are so generous once, I wish I knew you personally, how happy I am, but it's a fantasy or in a dream during the day.

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IT IS SO REFRESHING AND HEARTWARMING TO SEE WARREN AND HIS WIFE DID A WONDERFUL JOB RAISING AND TEACHING THEIR CHILDRENS THE VALUES IN LIFE. THEIR LEGASY WILL LIVE ON THRU THEIR CHILDREN. WE ARE AVERAGE WAGE EARNERS, BUT OUR CHILDREN AND GRANDCHILDREN WERE TAUGHT THE VALUE OF FAMILY AND CARING FOR NEIGHBORS AS WELL AS FAMILY WHEN THEY NEEDED IT. I AM A TAD OVER 70 AND STILL CANNING VEGIES FROM OUR GARDEN TO SHARE WITH OTHERS AND ENJOY THROUGH THE WINTER. THIS IS OUR WEALTH MR. BUFFETT. I'D LUV TO HAVE YOU TO DINNER FOR A GOOD OULD FASHIONED DINNER. EVEN SOMETHINS AS SIMPLE AS MY CHILI. I MAKE MY OWN CHILI BASE, I CREATED IT QUITE BY ACCIDENT IN MY LATE THIRTY'S AND IT'S A HIT WITH FAMILY AND FRIENDS. ISN'T THIS WHAT AMERICA WAS CREATED ON. HUGS TO YOU AND YOUR FAMILY

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Daddy, don't you remember me?

Wv-peach

Please adopt me! Lol!!