Warren Buffett Disowns Granddaughter

The Billionaire’s Black Sheep posted on Marie Claire

Photo Credit: Brigitte Sire

What’s it like when your grandpa is the richest man in the world? For Nicole Buffett, it means forgoing cable TV and health insurance and making do on $40,000 a year. Here, she dishes on her upbringing and why her grandfather Warren Buffett disowned her.

Nicole Buffett is at home among the neo-hippies who shuffle along the laid-back, tree-lined streets of Berkeley, CA. At an elfin 5 feet tall, clad in a flowing peasant dress and sandals adorned with peace signs, her long hair cascading in ropy dreadlocks to her waist, the 32-year-old abstract painter is just another of the city’s free-thinking, granola-crunching denizens. And yet, she’s a walking oddity. “The first thing most people think of when they hear my last name is money,” she laughs.

Not just money — gobs of it. Nicole Buffett’s grandfather is the legendary investor Warren Buffett, whose $58 billion fortune made him the richest man on the planet, a mantle he seized from Bill Gates last fall. So deep are Buffett’s pockets that when the financial markets cratered in September, the so-called Oracle of Omaha single-handedly buoyed Wall Street (at least for a day) by plunking down $5 billion on troubled investment bank Goldman Sachs. (“Canonize Warren Buffett,” cried one headline on CNBC’s Website.) But there’s a bitter irony to Buffett’s beneficence. Wall Street’s white knight is also an unforgiving hardhead when it comes to his own granddaughter, whom he cut off two years ago after a falling-out. “For him to discard me like that was devastating,” Nicole says matter-of-factly. “It permanently divided our family.”

When Nicole was 4, her singer-songwriter mother married Warren Buffett’s youngest child, Peter, a composer for commercials and films. He later adopted Nicole and her identical twin sister, who were embraced as kin by the larger Buffett family — especially Susan, Warren’s first wife, an avid music lover and cabaret performer. “A lot of people don’t realize that my family is full of artists,” says Nicole. (Susan Buffett, who died in 2004, was an early buyer of Nicole’s art and named Nicole one of “my adored grandchildren” in her will.)

 

Greedy Teachers

 

Japan – Amid the Ruins

Photography by Asahi Shimbun / Reuters

Amid the ruins

A woman cries while sitting on a road in the destroyed city of Natori, Miyagi prefecture, northern Japan, on March 13, two days after a massive earthquake and tsunami devastated the area.

 

National Geographic’s Best

Photograph by Norbert Rosing, National Geographic

A polar bear sleeps on the ice in Canada.

Photograph by Chris Johns, National Geographic

Burchell’s zebras nuzzle at the Ngorongoro Crater in the Great Rift Valley, Tanzania.

Click on images to purchase.

 

Possible Nuclear Catastrophe in Japan

REUTERS/Yuriko Nakao

A mother tries to talk to her daughter who has been isolated for signs of radiation after evacuating from the vicinity of Fukushima’s nuclear plants, at a makeshift facility to screen, cleanse and isolate people with high radiation levels in Nihonmatsu, northern Japan, March 14, 2011.

By Taiga Uranaka and Ki Joon Kwon

Sun Mar 13, 201 – FUKUSHIMA, Japan (Reuters) – Japan battled on Monday to prevent a nuclear catastrophe and to care for millions of people without power or water in its worst crisis since World War Two, after a massive earthquake and tsunami that are feared to have killed more than 10,000 people.

A badly wounded nation has seen whole villages and towns wiped off the map by a wall of water, leaving in its wake an international humanitarian effort of epic proportions.

“The earthquake, tsunami and the nuclear incident have been the biggest crisis Japan has encountered in the 65 years since the end of World War Two,” a grim-faced Prime Minister Naoto Kan told a news conference on Sunday.

“We’re under scrutiny on whether we, the Japanese people, can overcome this crisis.”

 

Bill Maher’s Pizza Analogy

Painting by Tom Brown

New Rule: Television Networks Have to Quit Trying to Put a Happy Ending on America’s Wealth Disparity

Maher: America’s rich aren’t giving you money, they’re taking your money. Between the years 1980 and 2005 80% of all new income generated in this country went to the richest 1%. Let me put that in terms that even you ***** teabaggers, I’m sorry, can understand.

Say 100 Americans get together and order a 100 slice pizza. The pizza arrives and the first guy takes 80 slices. And if someone suggests, why don’t you just take 79 slices, that’s socialism! I know, I know. I know, I know, it’s just a TV show. But it does reinforce the stupid idea people have that rich people would love us and share with us if only they got to walk a mile in our cheap plastic shoes.

But they’re the reason the shoe factory moved to China. We have this fantasy that our interests and the interests of the super rich are the same. Like somehow the rich will eventually get so full that they’ll explode. And the candy will rain down on the rest of us.

 

Many moods

Photography by Gracie – © All rights reserved

Cape Hatteras, NC