Posted on 07/29/2004 5:56:09 PM PDT by Indy Pendance
OMAHA, Neb. (AP) - Susan T. Buffett, the wife of billionaire investor Warren Buffett, died Thursday of a stroke at age 72, the company said.
Buffett, chairman of Berkshire Hathaway and a hugely influential investor, was with his wife when she died in Cody, Wyo., where they were visiting friends, the company said. She had been admitted to West Park Hospital in Cody the night before, a hospital spokeswoman said.
Susan Buffett, a Berkshire director, was listed this year by Forbes magazine as the 60th richest American, with a personal net worth of $3.1 billion.
Though the Buffetts had lived separately for many years, she had also stood to inherit her husband's fortune. Warren Buffett, second only to Bill Gates on the Forbes world wealth list, had said his Berkshire stock, valued at about $42.9 billion, would go to his wife upon his death and then to the Buffett Foundation.
The foundation's secretary, Allen Greenberg, said Susan Buffett's legacy will be her work as a champion of civil rights, reproductive health and AIDS awareness.
"She will be remembered by all who knew her as a quiet humanitarian whose voice spoke for disadvantaged women around the world," he said in a statement.
Gates called her "a great woman who was a significant source of strength for everyone who knew her."
She had been treated last fall for mouth cancer, and doctors had said she was doing well following the surgery and radiation therapy.
It was announced last week that the couple donated $6 million to five California medical specialists who coordinated her treatment.
Buffett and his wife married in 1952. After they separated, she spent much of her time in San Francisco, but they often traveled and spent time together. The Buffetts had three children.
Warren Buffett took $100 from his own pocket in 1956 and turned it into a multibillion-dollar company. He built his empire on a simple business philosophy of investing in brand-name companies that he understands, including Dairy Queen and Coca-Cola Co.
The insurance industry is a way for him and his company to avoid taxes.
Well, she can't get greedy now, can she?
I figured a U-Haul full of booty would have lasted her a while.
Thanks for summarizing.
The Buffets were
Zero Populationists.....
"Let's just take them on while they are alive, eh?"
I came here intending to do just that, until I heard the praises heaped upon the Biuffets, for their generosity,even though this Lady died with three billion in the bank and her husband is the proud possessor of forty three billion. It's their billions and they are free to do with it as they please. But I refuse to praise their selfishness.
The rich hang onto their own loot, while demanding that the Government do this and do that, financed by taxes extracted from you and me. That is the gripe I have against such filthy rich, pious bastards.
She was watching Kerry.
It hurts bad to know all the money in the Iowa Electronic Market was going to be lost.
Obituaries have new significance to me now that my father is the same age as famous people who are dying.
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