Finance Associated Press, February 27 (edited by Shi Zhengcheng).Over the weekend, Warren Buffett, chairman of Berkshire Hathaway, released his annual shareholder letter, as is customary. What is more unusual is that the contemporary "stock god" who has never talked much about privacy,In the letter, he mentions his sister Bertie up to 20 times, bluntly said that she became a philanthropist who can make hundreds of millions of dollars in donations by holding Berkshire's **.
Some curious readers have asked the question: Who is this Bertie? Is it true that you have donated hundreds of millions?
Who is Bertie?
First of all, we must sigh about the longevity genes of the Buffett family. Although Warren Buffett's father, former congressman Howard Buffett, died at the age of 62Buffett's mother, Leila Buffett, died at the age of 92
It's hereWarren Buffett's generation has a total of 3 children, and all of them live more than 90 years old: The eldest Dorothy Buffett was born in 1928 and died in 2020; second brother Warren Buffett, born in 1930; The youngest, Robert Buffett Elliott, was born in November 1933 and celebrated her 90th birthday just over three months ago.
It must be noted that there are very few descriptions of Buffett's sister on the Internet, so this year's Buffett's shareholder letter can be described as the most detailed revelation.
The data shows thatBertie graduated from Northwestern University in 1954 with a bachelor's degree in history. In 1955 (Buffett said in 1956) Bertie married medical student Robert **. The two have a total of 4 daughters, 3 of whom are still alive.
Warren Buffett said that starting with starting a family,Bertie has been an active financial investor for nearly 20 years- Buying bonds, joint**, and regular trading**, and was an early investor in Berkshire (during the Warren Buffett era).
As Robert **'s obituary suggests, he married again in 1987. So it can be speculated that Bertie divorced her first husband in the 80s of the last century. Warren Buffett also wrote in the letterBy 1980, at the age of 46, Bertie had made an independent decision to stop actively switching positions and only hold shares in Common** and Berkshire**. She didn't make a new deal in the 43 years since.
This decision also made Bertie a successful investor who could donate hundreds of millions of dollars.
No one knows how many Berkshire ** Bertie has bought, so her yield can only be estimated. When Warren Buffett bought Berkshire in a fit of rage in the 60s of the last centuryThe company's share price is just over $10. Since Berkshire's Class A shares have never been split, it's also easy to calculate — if you had held $1,000 Berkshire in 1964 based on trust in the new management, the investment would have been worth $53.62 million.
On the other hand, in 1980, when Bertie changed his position and stuck to Berkshire, the company's stock price was just over $200. To date, one Berkshire Class A share** has exceeded $610,000.
"Old-fashioned" Bertie
According to public information, Bertie has made many donations, but the most famous are two donations of hundreds of millions of dollars.
In 2015,Bertie donated $100 million to Northwestern University to establish the Robert Buffett Institute for Global Affairs。On the official website of Northwestern University, the ** hanging is Bertie and her husband at the time, David Elliott. The two dated in 1954, rekindled their love half a century later and married in 2008. David passed away in 2017.
In 2017,Bertie donated 1. to Monterey Peninsula Community Hospital (CHOMP) in California0.5 billion US dollarsto help local communities. Her first husband, **husband, also worked as an orthopedic surgeon in this hospital while in private practice.
Finance Associated Press Shi Zhengcheng).