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Tag: warren buffet

  • Why did Warren Buffet Resign from Bill and Melinda Gates Foundation?

    Warren Buffet is known as one of the best investors in the history of the stock market. His principles and teachings have always been widely used and regarded by the financial analysts and are one of the top 10 richest men in the world. Warren Buffet is the 8th richest man in the world and is also known for his pledging and charitable works. The 90 year old billionaire has announced to resign from Bill and Melinda Gates Foundation. Let’s look at the reason behind it.

    Warren Buffet – Latest News
    Why did Warren Buffet Resigned from Gates Foundation?
    Warren Buffet Donation in Gates Foundation
    Bill Gates on Warren Buffet Resigning from Gates Foundation
    Development in Gates foundation
    FAQ

    Warren Buffet – Latest News

    On 23 June 2021, the billionaire and the most famous investor in the world, Warren Buffet has announced that he is resigning from the Bill and Melinda Gates Foundation. He has donated more than half of his wealth towards donation and charitable purposes since he had pledged 15 years ago in order to give away his fortune by running Berkshire Hathaway Inc.

    Why did Warren Buffet Resigned from Gates Foundation?

    Warren Buffet did not provide any specific reason as to why he was stepping down from the position. He has said in a statement that he has been an inactive trustee of the organization for a very long time.

    Warren Buffet has been resigning from the posts of all the corporate boards that he is part of other than Berkshire Hathaway. However, the decision to step down from the board of the Gates Foundation comes at an odd time when Bill Gates and Melinda Gates has announced to end their 27 years of marriage.

    How the Gates Foundation will be affected by the Divorce
    Bill Gates and Melinda Gates who are the co-founders of the world’s largestprivate charitable foundation have filed for divorce. On 3 May 2021, theydecided to end their 27 years of marriage as they required space in theirpersonal life and would want to grow individually. Let’s look at what would …
    StartupTalkyAlan Joseph

    Warren Buffet Donation in Gates Foundation

    On the same day, Warren Buffet also announced that he has given away USD 4.1 billion worth of the shares of Berkshire Hathaway as part of his pledge to donate 90% of his wealth. Warren Buffet is halfway there while considering the most recent donation.

    He conveyed that over many decades he has been able to gather a lot of wealth by just doing what he loves the most to do. He added that compound interest, a long runway, associates, and the country have worked their magic.

    Warren Buffet has announced to donate USD 4.1 billion in shares to five different foundations which include Bill and Melinda Gates Foundation. However, it is estimated that the major share of the donation was given away to the Gates Foundation. The Gates Foundation has received around USD 3.2 billion and the total donation made by the billionaire is around USD 27 billion.

    Warren Buffet’s donation also goes to another foundation named Susan Thompson Buffet Foundation which is run by the children of Warren Buffet Howard, Susan and Peter. The foundation is named after his late wife. The other two foundations where he has donated the shares are the Novo Foundation and the Sherwood Foundation.

    Warren Buffet Net Worth
    Warren Buffet Net Worth

    Bill and Melinda Gates on Warren Buffet Resigning from Gates Foundation

    Bill Gates had conveyed in a statement about Warren Buffet’s resignation and said that, he is grateful for the great friendship with Warren Buffet and added that he would always have a sense of maintaining a deep accountability to Buffet.

    Melinda Gates had also conveyed her message saying that, the teachings of Warren Buffet will help the foundation in charting a way forward.

    Income of the Richest people in the world [2021 Updated]
    With the increase in their wealth, the richest of the people also inspire theworld to come to their level. However, very few people can hustle as the richestdo. Top richest people inspire more people to hustle and motivate them. Here isa list of the world richest man monthly income, annaual inc…
    StartupTalkyAshwini

    Development in Gates foundation

    Suzman had sent an email to the employees of Bill and Melinda Gates Foundation where he had discussed with Warren Buffet and Bill and Melinda Gates on how to strengthen the decision making and governance and added that he would share more information about it in the month of July.

    He said that he has been discussing about long-term stability and the sustainability about the Foundation due to the recent announcement of the divorce of Bill and Melinda Gates. He also added that he is fully concentrated on following the guidance provided by Warren Buffet in order to use to resources provided by Buffet, Bill and Melinda in the best way possible.

    Conclusion

    According to certain estimations and findings of the Forbes magazine, if Warren Buffet did not donate most of his wealth to charitable purposes he would have had a net worth that would be equal to the CEO of Amazon Jeff Bezos who is the world’s richest person.

    FAQ

    What companies do Warren Buffett Own?

    Warren Buffett runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen.

    What is the net worth of Warren Buffett?

    The net worth of Warren Buffett is estimated to be around 10,500 crores USD.

    What is the purpose of Bill and Melinda Gates Foundation?

    The Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health and to lift themselves out of hunger and extreme poverty.

  • How Gautam Adani’s Net Worth Surged by $43 billion in 2021?

    Adani is a first-generation entrepreneur and is considered as one of the Indian Tycoons. He was born on 24 June 1962 and is an industrialist who is the founder and chairman of Adani Group. Adani group is a multinational corporation that is involved in a lot of businesses. The net worth of Gautam Adani jumped to $76.7 billion as he added an amount of $43 billion to it in 2021 according to the Bloomberg Billionaires List.

    Adani Group is mostly involved in port development and operations in India and is located in Ahmedabad, Gujarat, India. The Group operates mines in India, Australia, and Indonesia. It supplies coal to countries in Southeast Asia, China, and Bangladesh.

    Adani Group has made the largest investment in Australia surpassing any other Indian Company. It has also invested in Carmichael Coal Mine in the Galilee Basin, Queensland. In June 2019, Adani got permission to start work on the Australian coal mine after a 9-year wait.

    Adani is the second richest person in India after Mukesh Ambani and in 2019 India Today ranked Adani as the third most powerful person in India.

    Sudden surge in Gautam Adani’s Net worth
    Reasons for a surge in Gautam Adani’s Net worth
    Expansion of Gautam Adani’s Business
    Story of Gautam Adani – The Founder of Adani Group
    FAQ

    Sudden surge in Gautam Adani’s Net worth

    In 2021 Gautam Adani has added billions to his wealth. He added the most amount of money compared to anyone else in the world. The net worth of Adani jumped to $76.7 billion as he added an amount of $43 billion to it in 2021 according to the Bloomberg Billionaires List.

    All the stocks of Adani Group which are publicly traded have increased more than 50% in 2021. This increase in his net worth has made him the world’s richest wealth gainer in 2021. He has gained more wealth than Elon Musk and Jeff Bezos who have been got the world’s richest titles.

    Reliance Industries Chairman Mukesh Ambani has added 8.1 billion wealth during the year which is comparatively lesser than Adani’s. Mukesh Ambani is the richest person in India and Asia. When looking at the wealth addition in 2020 Adani still added more wealth compared to Ambani.

    Gautam Adani – Chairman and founder of Adani Group

    Reasons for a surge in Gautam Adani’s Net worth

    Adani group is a diversified company that has its presence in multiple businesses. Some of their businesses include renewable sources of energy or green energy, gas distribution, airports, ports and terminals, power transmission, and so on.

    Stock Prices

    One of the major reasons for Adani’s surge in his net worth is the rise of his stock prices. The company has around 6 companies that are listed on the stock exchange. As of 2 March 2021, the market capitalization of the Adani group was $80 billion.

    Some of Adani’s publicly traded companies have provided a return of more than 90% this year. Adani Total Gas Ltd had provided a return of over 96% this year. The flagship Adani enterprises have provided a return of 90%. Adani Green Ltd had provided 500% returns in the previous year and this year it is up 12%.

    Adani Transmission has provided a return of 79%, Adani Ports, Adani Power Ltd, and Special Economic Zones Ltd have provided a return of around 52% this year.

    Adani has a 66% stake in Adani Ports and Special Economic Zones Ltd. 75% stake in Adani Enterprises Ltd, 75% stake in Adani enterprises Ltd and 73% stake in Adani Power Ltd. This huge rally in the stocks have increased his net worth.

    Top 10 Richest Indians
    Top 10 Richest Indians

    Expansion of Gautam Adani’s Business

    Adani is continuously expanding his corporation which is mostly made up of a number of diverse and unrelated businesses. It has been rapidly expanding its corporation by adding ports, airports, coal mines, and data centres in India.

    Adani Ltd had plans to develop 1 Gigawatt of data centres in India and has signed a pact for it last year. The company had formed a 50:50 joint venture to provide data centre solutions in India. The joint venture was with global data centre operator Edge Connex which was during February 2021.

    Sunil Chandiramani the founder and CEO of Nyka Advisory Services, said that Adani has been continuously expanding its business in areas from which he can quickly recover from market cycles.

    He also added that now since the company has entered into providing data centres and businesses related to it, the group has shown their appetite in venturing into technology.

    Story of Gautam Adani – The Founder of Adani Group

    Gautam Adani Journey
    Gautam Adani Story

    FAQ

    Who is Richer Adani or Ambani?

    Adani is the second richest person in India after Mukesh Ambani.

    How did Adani become rich?

    1988, Gautam Adani set up his trading company Adani Enterprises Limited. In the 1990s, he started operating Mundra Port, off the coast of the Arabian Sea. From there on, Adani expanded his business into the electricity, gas, real estate sectors.

    What is Gautam Adani’s Net worth?

    As of 2020 Gautam Adani’s Net worth is $25.2 Billion. and as of 2021, his net worth is $50 Billion.

    Conclusion

    Some of the biggest Wealth Gainers other than Adani during the year 2021 are Larry Page who has added $14.3 billion in net worth with a total net worth of $97 billion.

    Sergey Bin who has added $13.8 billion in net worth with a total net worth of $94 Billion. Warren Buffet has also added $12.1 billion in net worth with a total net worth of $100 billion.

    Larry Page is in the second position after Adani followed by Sergey Bin and Warren Buffet. Mukesh Ambani has added $8.1 billion and is in the 13th position with a total net worth of $85 billion.

  • What is Robert Kiyosaki’s take on Cryptocurrency?

    Robert T Kiyosaki is the author of the well-known personal finance book Rich Dad Poor Dad. The book was published in 1977 and has become the New York bestseller having a sale of around 40 million copies worldwide. He had previously praised the properties of bitcoin. Let’s look at what Robert T Kiyosaki has to say about cryptocurrency.

    Estimation of Robert Kiyosaki about Cryptocurrency
    Viewpoint of Robert Kiyosaki on Cryptocurrency
    What Robert Kiyosaki said about Bitcoin?
    Future of Bitcoin According to Robert Kiyosaki
    FAQ

    Estimation of Robert Kiyosaki about Cryptocurrency

    Robert Kiyosaki has estimated that the cryptocurrency would climb to over USD 1 million in the period of next 5 years. He conveyed that he had bought bitcoin when it was USD 9,000 and thought that he had been cheated but he said that the reason he had bought crypto at such a price was due to the shut down of the economy because of Covid.

    He added that now he looks like a genius as the digital coin had even crossed the mark of USD 50,000 and he estimates it to cross a million mark. He conveyed that bitcoin is still untested and even if the value crashes he said that he has other sources which would allow him to sustain and hence he could bear the risk.

    Viewpoint of Robert Kiyosaki on Cryptocurrency

    Kiyosaki has conveyed that he feels that for the older generation it is very important to understand the cryptocurrency market as the real estate and the gold guys are being phased out and the world is moving towards crypto.

    Robert T Kiyosaki pointing towards Warren Buffet said that there is this battle against the old guys and the younger generation against the cryptocurrency where people like Warren Buffet are Anti-Crypto. He added that the cryptocurrencies are now challenging the dominancy of the US Dollar and other fiat currencies.

    Price of Bitcoin
    Price of Bitcoin

    What Robert Kiyosaki said about Bitcoin?

    When Robert T Kiyosaki was asked in an interview if it is too late to buy a bitcoin, he answered that there is always an entry point and that he had bought the coins when it was at USD 9000. He said that he thought that he had been cheated in the beginning but later the coin has increased to around USD 50,000.

    He added that he wished that he had bought the coins at 10 cents like most of the people. He pointed out that cryptocurrencies and Gold stand out due to the devaluation of the US Dollars, money printing by the government and the external stimulus.

    Future of Bitcoin According to Robert Kiyosaki

    Robert Kiyosaki was further asked about whether would interfere in one form or the other or if they would lay in some restrictions on the digital coin such as even making it illegal which is believed by some of the well-known investors and hedge fund managers.

    He replied saying that he feels that the government would try but he feels that the problem is too big and said that the pension amounts have been depleted and the baby boomers have no money in hand.

    He added that they had shut the economy and are planning to print another USD 19 trillion and added that it has never worked and said that bad money would drive out the good money. He said that so people like him would never spend the bitcoin and would never keep his hand on it.

    Robert T Kiyosaki said that he would buy bitcoin again today or the day after as he is bullish on it. He added that he is not bullish over bitcoin but he is bearish about the Biden government and has claimed that they are a group of communist people. He added that they would just print money and that they are Central Bankers.

    FAQ

    What is the Net worth of Robert Kiyosaki?

    As of 2021, Robert Kiyosaki’s net worth is roughly $100 million.

    Who is Robert Kiyosaki?

    Who is Robert Kiyosaki is a Writer, Author, Businessperson, Investor, Entrepreneur, Motivational speaker.

    What does Kiyosaki say about Bitcoin?

    Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has predicted that the price of bitcoin will increase to $1.2 million within five years.

    Conclusion

    However, Kiyosaki has mentioned that he still prefers Gold and Silver. He added that he favors gold and silver as it is considered to be God’s money and added that God put it there.

  • Why Most of the Wealthy People are not Investing in Bitcoin

    Most of us would have heard about bitcoin and cryptocurrencies. It is all over the news and everyone speaks about the fancy returns provided by this digital coin. It has created its mark in the market. It was not so famous some years back and the value of the coin was not so high.

    The popularity has increased the value of the digital coin. But even though the coin has provided huge returns and even though it has been claimed as the favourite investment tool for the GenZ, the major investors and the rich stays away from it.

    The famous investor of India Rakesh Jhunjhunwala recently said that he wouldn’t buy bitcoin for even 5 Dollars. Warren Buffet one of the richest people in the world has said that bitcoin and other cryptocurrencies are worthless. He terms it to be a delusion.

    Here are some reasons why the rich doesn’t invest in bitcoins.

    Depends on Market Demand and Supply
    Gambling and not Investing
    It is not secure
    FAQ

    Depends on Market Demand and Supply

    Bitcoin has become a craze worldwide. Not a lot of them know what a bitcoin is or understands the concept of cryptocurrencies. But they would end up investing in it because of the trend and later on would sell it which would cause a huge fluctuation in the price. This makes it difficult to value the coin and to find an accurate value.

    Bitcoins are not backed by any assets and hence the price of bitcoins totally depends on the demand and supply. If the demand for bitcoins are increasing the price would increase and if the demand decreases there would be a fall in price. This makes it difficult for investors to make a good investment.

    Bitcoin Price in U.S. Dollars 2017- 2021
    Bitcoin Price in U.S. Dollars 2017- 2021

    Bitcoin is just a digital coin. It cannot be touched or felt, it is not physically present. It is made up of certain codes and it does not have a real value. The value of bitcoin depends on the people and the market news. If there is a negative news in the market then we will see a fall in prices of the coin and vice-versa.

    Bitcoins are highly volatile. Bitcoins can be traded 24 hours a day and since it is open for trading every time there would be huge amount of buying and selling, which would cause a difference of up to 20-30% of the price in a day. It is considered unstable and there are chances that you would lose all your money in a day.

    Cryptocurrency is readily redefining the future of finance sector in India
    Cryptocurrency is a thriving ecosystem, encroaching on conventional territoryand is redefining the Finance sector. Over the last few years, Bitcoin users andtransactions have averaged a growth rate of nearly 60% annually. Similarly inprivate and public investors have deepened the commitment to cr…
    StartupTalkyVibhavari Madki

    Gambling and not Investing

    Bitcoin’s main value is derived from its blockchain technology. But now a lot of other cryptocurrencies are using the same technology. Bitcoin has an early mover advantage and that’s why the prices are really high. But bitcoin was actually made to make secure online transactions which is not the situation now. Some exchanges say that it would take around 10 days to complete an order of the bitcoin placed, as there is huge demand for the coin.

    Most of them don’t transact using bitcoin because the price keeps fluctuating. When the other person receives the money, the value would be different when compared to the time the coins were sent.

    Most of them are not buying the coin for its value, but because of the trend. The rich and investors finds it gambling and not investing.

    blockchain market value worldwide in 2020
    Blockchain market value worldwide in 2020

    The Story of Dogecoin | Everything You Need to Know about Dogecoins
    Invented by software engineers Billy Markus & Jackson Palmer, Dogecoin is acryptocurrency. It features the face of Shiba Innu dog from the “Doge” meme asits logo & name. Discover all about the Story of Dogecoin in the article ahead… What are Dogecoins?Formation and History of DogecoinDogecoi…
    StartupTalkyPratiksha Bajikar

    It is not secure

    There are a lot of scams associated with bitcoins. Hackers or Malicious users can get details of your Wallet and take away your coins. There was a recent incident where the twitter accounts of the top individuals Elon musk, Barack Obama and Bill gates were compromised.

    The tweet said that they were feeling generous and would double the bitcoins sent to a specific wallet. People who sent the bitcoins lost their coins and it was impossible to trace the digital coins because of the blockchain technology as it keeps it secure. It involves a lot of risk.

    There is no central body which regulates and hence if you lose your bitcoins or if someone hacks into your wallet you wouldn’t receive your coins back. Bitcoin’s blockchain technology makes it impossible to track your coins if you lose it. It is highly risky and it cannot be considered as an investment option.

    Twitter hack: Elon Musk, Bill Gates,Obama Twitter hacked in a cryptocurrency scam
    Elon Musk, Bill Gates, Obama Twitter Accounts was lately hacked in a cryptocurrency scam. Late on Wednesday, there were irrelevant Tweets aboutcryptocurrency by Famous twitter personalities. This left some users quizzed. Itturned out that twitter account of these personalities has been compromise…
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    FAQ

    Is Bitcoin a good investment?

    Bitcoin is an risky investment that may or may not pay off.

    It is Legal to buy and sell Bitcoin in India.

    What are the taxes I should be concerned about Bitcoins?

    There is a lack of clarity on the tax front on Bitcoin investment in India.

    Conclusion

    Other than these there are also a lot of scams related to Cryptocurrencies. The companies promise huge returns and claims that a specific coin is going to beat bitcoin in some years and people tend to invest in it. People invest without proper research and knowledge and just look at the high returns and lose their entire amount.

    The above reasons are why the wealthy don’t prefer to invest in bitcoins. Bitcoins have provided huge returns in the recent years but it is a highly risky product and you can never predict the price of bitcoin in future. Buying a bitcoin is equivalent to gambling than investing.