Buffett Children Emerge as a Force in Charity
By JEFF BAILEY
Published: July 2, 2006
DECATUR, Ill., June 28 — The three middle-aged children of Warren E. Buffett watched along with the rest of the country last week as their father, the celebrated investor, told the world that he would pass the bulk of his $40 billion personal fortune to the charitable foundation of Bill Gates, a fellow billionaire, and his wife, Melinda.
The investing genius's children went off to college and all three dropped out before graduating. "I had a great run in high school, academically, and then I got to college and just struggled," said Howard, who spent one year at Augustana College in Sioux Falls, S.D., and one year at University of California, Irvine. When he told his parents he was quitting school, he said, "neither of them was very happy about it."...
Susie initially majored in home economics. "If we didn't have foundations to run, Howie would farm. I would be sewing, knitting and quilting," she said.
She dropped out of the University of California, Irvine, just shy of an undergraduate degree because she was enjoying work as an administrative assistant, making $525 a month. "I thought, boy, it just doesn't get any better than this."...