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Warren Buffett, chairman and CEO of Berkshire Hathaway, plans to give away billions of his acquired wealth through The Giving Pledge, a philanthropic initiative he created with Bill and Melinda Gates. At the 2016 Concordia Summit, Buffett spoke about campaigning those on the Forbes list to join The Giving Pledge, and being met with apprehension.

Buffett spoke about his wealth saying, “here’s a lot of money that has no real utility to me, but has enormous utility to hundreds and millions of people around the world — for education, research, healthcare.”

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