Wednesday, December 17, 2008

Nicole Buffett

Not to be confused with Jimmy, Nicole Buffett is the grand-daughter of the most intelligent financial mind of all time, Warren Buffett. Warren Buffett is the world's richest man at a whopping $65 Billion dollar estimated value. A value that compounds daily. You would think that money liek that would trickle down quickly to Nicole, but you should think again. Nicole Buffett is the adopted grand-daughter of the billionaire, and was cut off two years ago after appearing in a documentary alongside Johnson and Johnson heir, Jamie Johnson, talking about the seperation between the poor and the rich of the nation.

Because of her brass and willingness to speak on the usually disconcerned family's fortune and lifestyle, Mr. Buffett sent Nicole a letter which read,

"People will react to you based on that 'fact' rather than who you are or what you have accomplished." He punctuated the letter by declaring, "I have not emotionally or legally adopted you as a grandchild, nor have the rest of my family adopted you as a niece or a cousin." Nicole was devastated. "He signed the letter 'Warren,'" she says. "I have a card from him just a year earlier that's signed 'Grandpa.'" (Marie Clarie magazine)

Those are powerful words for a self-proclaimed philanthropist, who has left his grand-daughter to fend for herself on 40,000 a year and no health insurance, which is better standards than most people, but how many of those people are indeed a Buffett?

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