Well, he is the second richest man in the world, but he may not be for long. Billionaire investor Warren Buffett says he is going to give away most of his multibillion dollar fortune. less, at least to the, less fortunate. Now it will be the largest philanthropic gift in history. Buffett is worth about 44 billion dollars and he's pledged to give away 85% of it. The 75-year old CEO controls Berkshire Hathaway. He plans to gradually give away the bulk of his stock to five foundations. most of it( is) going to the Bill & Melinda Gates Foundation. which is focused on ridding the world of malaria, AIDS, and other diseases. So joining us now is a man who knows Buffett and his motivations perhaps better than anyone. Biographer Andrew Kilpatrick. Andrew, good to have you. All right. Thank you. So many people thought that. that Buffett would never give away his money to charity until after he dies. So why the change of heart? Well, Carol, that's right. He, he's always said it would be after he died, he has changed it. I think Gates has influenced him a lot and I think what he sees is the. the Gates foundation can do a better job of giving than he can. And what this is really is a merger of Buffett and Gates. It's not a business deal but it's, it's two great minds joining together for charity. So that explains perhaps why he gave it to the Bill & Melinda Gates Foundation. I mean to have the second richest man give his fortune to the richest man in the country, might make sense? Well, it's pretty, it's pretty funny but he says he's really not giving it to Bill Gates. he's giving it through Bill Gates to, to give to the causes of that foundation deems,
