Warren Buffett Gives $30 Billion to Gates Foundation

In a dramatic shift in his philanthropic plans that will create a colossus in the world of giving, Berkshire Hathaway Inc. Chairman Warren Buffett, the world's second richest man, plans to give away the bulk of his fortune to the Bill & Melinda Gates Foundation, run by the world's richest man.
The gift, valued today at more than $30 billion, will create a philanthropic organization with potential to significantly shape social issues ranging from child mortality to disease control to education. The Gates Foundation, headed by Microsoft Corp. Chairman Bill Gates and his wife Melinda, already has assets valued at $30 billion, meaning it is on course to double in size.