
Buffet's contribution of about $1.5 billion a year to the Bill & Melinda Gates Foundation will be used to seek cures for the world’s worst diseases and improve American education, Bill Gates said Monday.
“There is no reason we can’t cure the top 20 diseases,” Gates said while appearing with Buffett during a donation ceremony at the New York Public Library.
The Buffett and Gates families, as well as onlookers, were beaming as the so-called Oracle of Omaha officially made his benevolence a reality.
“There is more than one way to get to heaven, but this is a great way,” said Buffett. He presented the biggest gift to Gates, and $1 billion donations to his own foundation and the foundations run by each of his three children.