Personal Finance
Susie Buffett’s $10 Million Gift To Each Child
By My 15 Hour Work Week  •  December 11, 2024
A couple of weeks ago, Warren Buffett published a letter outlining his plans to give his billions away. It included information that his wife, Susie Buffett, left behind $10 million each to their three children. Sounds huge but for context, the three children only inherited 1% of her $3 billion estate. However, Warren Buffett is also famous for this quote below: “Leave your children enough money so they can do anything, but not enough that they don’t have to do anything.” $10 million is an interesting amount of money. Admittedly, we have all heard of top athletes or lottery winners blowing off multimillions within a few short years. At the same time, I am sure 99% of people who achieved FIRE have <$10m net worth. In fact, 8 digits probably constitutes generational wealth for the majority of the population. I guess the learning point is that I probably have to work harder if I want to bequest...
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By My 15 Hour Work Week
Hi, I am Thomas (a.k.a. Mr 15HWW) and I am in my early thirties. Very happily married (very strong emphasis here), I am the co-writer behind this blog. The other permanent writer is my wife Jasmine who has written two blog post so far (good luck searching for it here). But well, her contribution goes far and deep since she thinks she is actually the mastermind behind the rest of the other post ...
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