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Warren Buffett's Daughter Asked Him For A $41,000 Loan To Remodel Her Kitchen, But The Billionaire Told Her: 'Go To The Bank Like Everyone Else'
Benzinga ^
| 09/16/2024
| by Jeannine Mancini, Benzinga Staff Writer
Posted on 09/17/2024 4:29:50 PM PDT by ChicagoConservative27
Warren Buffett, one of the wealthiest people in the world with a net worth of $142 billion, according to Bloomberg, is also known for his generosity. He has donated billions to charity over the years, but when it comes to his kids, handouts aren’t part of the deal.
In the HBO Becoming Warren Buffett documentary, Susie Buffett shared a story that gives a glimpse into her father's frugality. This wasn't the first time she had discussed it. Back in 2011, a Globe and Mail article mentioned that Susie once asked her father for a $41,000 loan to renovate her kitchen after she had a baby. She needed to make room for the high chair, but Warren's response was to tell her to "go to the bank like everyone else."
(Excerpt) Read more at benzinga.com ...
TOPICS: Business/Economy; Education; Reference; Society
KEYWORDS: buffett; daughter; frugality; kitchen; loan; susanbuffett; warrenbuffett
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To: Wilderness Conservative
You don't approve of freedom?
I believe a person should be able to do as he wants with his own money. Do you disagree with that?
Are you a communist?
41
posted on
09/17/2024 4:57:31 PM PDT
by
RoosterRedux
(Thinking objectively is difficult. And painful. That’s why many people just cling to their biases.)
To: MinorityRepublican
Did I say I approved of Gates? Are you stupid or just joking?
42
posted on
09/17/2024 4:58:18 PM PDT
by
RoosterRedux
(Thinking objectively is difficult. And painful. That’s why many people just cling to their biases.)
To: ChicagoConservative27
Why didn’t she take his advice on investing?
43
posted on
09/17/2024 4:59:14 PM PDT
by
Fledermaus
(Clay Bevis and Cuck Butthead are panty wadded, pearl clutching cowards. Rush deserves better.)
To: ChicagoConservative27
I remember reading where Warrens wife asked for a new car.
He told her "Do you know how much that is compounded annually?"
44
posted on
09/17/2024 5:01:11 PM PDT
by
Manic_Episode
(A government of the government, by the government, for the government)
To: RoosterRedux
Did I say I approved of Gates? Are you stupid or just joking?We can complain about it.
To: ChicagoConservative27
To: ChicagoConservative27
Ok, I get the whole “loan” to a family member or friend, treat it as a gift because you may not get it back...
But you could also be like, Ok, this year its your Christmas and Birthday present, and next few years things won’t be nearly this big...
47
posted on
09/17/2024 5:05:05 PM PDT
by
Secret Agent Man
(Gone Galt; not averse to Going Bronson.)
To: ChicagoConservative27
I have known other people, who, while not that wealthy, refused to help their own kids like that while doing it for strangers and casual acquaintances.
It’s disgusting.
48
posted on
09/17/2024 5:05:12 PM PDT
by
metmom
(He who testifies to these things says, “Surely I am coming soon.” Amen. Come, Lord Jesus”)
To: butlerweave
No, hes giving most of it to organizations.
49
posted on
09/17/2024 5:05:33 PM PDT
by
Secret Agent Man
(Gone Galt; not averse to Going Bronson.)
To: MinorityRepublican
Absolutely. Sorry if I misunderstood your comment.
And I apologize for my "stupid" comment.
50
posted on
09/17/2024 5:06:29 PM PDT
by
RoosterRedux
(Thinking objectively is difficult. And painful. That’s why many people just cling to their biases.)
To: Fai Mao
Not these days.
Have you priced construction materials and cupboards?
In 2011, I still don’t think it was that extravagant.
51
posted on
09/17/2024 5:06:46 PM PDT
by
metmom
(He who testifies to these things says, “Surely I am coming soon.” Amen. Come, Lord Jesus”)
To: RoosterRedux
If I am at least I’m not a gullible schmuck. That Buffet story is bs. His trusts and foundations own several high end properties where he stays at different times.
To: ChicagoConservative27
Have\had two Aunts like that, one has passed and the other will soon enough and at the funeral of the 1st I did not see any Armored car behind that hurst...
To: tsowellfan
I’m sure we don’t have all the helpful context. :)
54
posted on
09/17/2024 5:08:12 PM PDT
by
Secret Agent Man
(Gone Galt; not averse to Going Bronson.)
To: metmom
Like I said, our whole condo is worth 130k. So really expensive to me.
55
posted on
09/17/2024 5:11:33 PM PDT
by
Fai Mao
(The US government is run by pedophiles and Perverts for pedophiles and perverts.)
To: ChicagoConservative27
I would have given her the money outright.
56
posted on
09/17/2024 5:15:32 PM PDT
by
MNnice
To: Fai Mao
Not really that much.
It’s like a middle class person refusing to give a $20 loan to his kid.
57
posted on
09/17/2024 5:16:26 PM PDT
by
grumpygresh
(Civil disobedience by non-compliance; jury and state nullification.)
To: Secret Agent Man
Reminds me of Jerry Lewis not leaving anything to his sons. Everything went to his second wife and adopted daughter. Nothing for his kids.
To: Wilderness Conservative
Is that a problem for...that he stays at high-end properties?
59
posted on
09/17/2024 5:18:19 PM PDT
by
RoosterRedux
(Thinking objectively is difficult. And painful. That’s why many people just cling to their biases.)
To: RoosterRedux
Absolutely. Sorry if I misunderstood your comment. And I apologize for my "stupid" comment.
No trouble at all sir.
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