Skip to comments.BUFFETT TO KIN: YOU'RE FIRED
Posted on 09/07/2006 12:16:24 PM PDT by shrinkermd
September 7, 2006 -- AN infuriated Warren Buffett has renounced one of his granddaughters - telling her she is no longer his relative "legally or emotionally" because she took part in a documentary about the lives of the very rich.
Nicole Buffett, the adopted daughter of Buffett's son Peter and biological daughter of Peter's ex-wife Mary, was featured in Jamie Johnson and Nick Kurzon's documentary, "The One Percent," which debuted at the Tribeca Film Festival this year and is a follow-up to Johnson's "Born Rich."
Enraged that Nicole not only participated in the documentary, but also plugged it on National Public Radio and "Oprah," Buffett wrote Nicole an "angry letter" two weeks ago telling her she was no longer part of his life, a source tells Page Six.
(Excerpt) Read more at nypost.com ...
Her estate tax woes?
He thinks people buy his phony image of just plain Warren who lives in the little house in Omaha.
What did his granddaughter say?
This was actually one of those rare Oprah shows I watched. I was rather impressed that Buffet expected his grandkids to earn their own way. I didn't think she said anything bad about him at all. Maybe the movie is different. Guess it was shame on me for thinking a good thought about him based on that show.
She said he paid for her education but doesn't give the grandkids any money after that.
>>>Buffett wrote, "I have not emotionally or legally adopted you as a grandchild, nor have the rest of my family adopted you as a niece or a cousin."
"He was angry Nicole was using the Buffett name to promote herself and said he no longer considered her his granddaughter," our source added. >>>
According to the above paragraph, it sounds like he never did consider her his granddaughter.
Mr. Philanthropist is a real jerk.
Finally someone who isn't concerned about his billions. Bully for her! People with a lot of money get more and more eccentric as they get older. Warren's personal life isn't exactly life as a model citizen. Like Soros, I don't need him to tell the rest of us how to live our lives.
Ahh good old Democrat.. high on ideals.. low on morality.
How can he no longer consider her a granddaughter unless he already considered her as one? Uh?
Bitter old man ...
nobody ever mentions his place in Laguna Beach
I'm not against being filthy rich. I'm against people that wish to exclude any others from the club.
I happened to watch the show as well and his granddaughter was not critical of her cheap grandfather. He is only mad because it showed him for the totally uncaring cold bas$&rd that he really is.
Is he as bad as Soros? I know he's a liberal but I don't know much about him. Speaking of Soros, has anyone read this book by Horowitz:
The Shadow Party: How George Soros, Hillary Clinton, and Sixties Radicals Seized Control of the Democratic Party
Then it would seem that being cut off doesn't mean that much.
Wow, he's just a rich warm little fuzz ball isn't he? Buffett's probably screwed up his kids and grandkids since it's obvious that his love for them is extremely conditional.
Actually he has made a big deal out of how they aren't going to inherit anything anyway, so what is she losing? A guy worth billions can't help his own kin, what kind of guy is he one wonders. From my perspective, the reason we exist is to see to it our offspring have it better than we did, I guess he wants to make it easier for his kids to do that. Whatever...
That was my thought when I read this.
I watched the "Born Rich". It was insightful, can't wait to see the follow-up.
I really don't know that much about him either. I just told the hubby that I thought it was an interesting show. She was not critical of him in any way.
I wonder if we'll Stalinize her out of family photos?
I didn't see anything wrong with her interview. For some reason I was actually home and flipping channels. I figured the guy from the Johnson family would have been in more trouble.
Wow, can Jimmie Buffet be far behind?
I smell lawyers behind this. When Buffet dies, expect Nicole and others to contest distribution of his estate. She's positioning herself for this battle now.
He's been telling the rest of us that no matter how screwed up his kids get, they'll be a public charge and not on his mealticket.
I didn't realize he was such a mean man.
I guess you could call this a "late life abortion", since WB funds them with foundations. May it turn out to be a great advantage to this brave ex-grandaughter.
Maybe she said she voted for Bush.
The reason he has so dramatically disinherited his offsprings is very simple, given his personality defects:
They have one less reason to want to kill him.
A little study of the history of filthy rich familys shows that inherited great wealth is not the boon that most working people would assume it is.
Very wealthy familys are always disfunctional as are their members.
Does anybody envy Paris Hilton's life? Why can't she see that? Do you think the life of the Gettys (for example) was/is a bed of roses?
I live in Omaha--most of us don't buy it.
Since he's donating much of his fortune to the abortion industry maybe he's hoping he can get them to do a late (18yr) term abortion on her.
Man, what a typical limousine liberal asshole. He can dish it out until he's blue in the face, but as soon as he gets some back in his direction he goes bananas.
He paid for her education, so it's hardly true that he never helped her out. People on this forum love to rail againt the "spoiled trust-fund" kids, and now your criticizing him because he never gave his family more?
On the other hand, it's understandable that she would participate in a documentary like that, but this response seems extreme.
Buffett is a jerk. A very weird jerk. I guess Buffett wants to eliminate her as a granddaughter as his son divorced her mother and this is the excuse. The man is extremely stingy with his own family. Sorry, but it's got nothing to do with "values" and everything to do with his strange need for control, etc.
What a devistating thing for a father to hear his father say to his daughter (adopted or otherwise).
This statement could be taken as implying that Buffet is cheap and that money is all he cares about. That could all be true, but it could also explain why Buffet is so incensed at her.
Now that he's gone to the trouble of publicly disavowing her as his granddaughter, conspicuously pointing out that she's never been adopted and is not legally related to him, she is countering that with her own claims. That strongly suggests (at least, to me) that the two of them are positioning themselves for future litigation concerning his estate. Somehow, I don't think their difficulties with eachother are something new.
And BTW I'm pretty sure there's no such thing as legally adopting a granddaughter.
The rich people are the ones who are disfunctional ~ Warren Buffet is just another example, and just as nasty. WOnder if he married his niece.
Buffett is a predator and takes no criticism. Big bucks, small brain.
Buffett gave billions to Bill Gates' foundation - he may have just as well given a check to Planned Parenthood. Disgusting, cold-hearted, eccentric old geezer.
It's not the money. It's the appalling spectacle of a grandfather telling a granddaughter he never had any feelings for her.
That's not exactly what he said- he said that he never legally adopted her as his grandchildren, which is silly since it only matters if his son legally adopted his stepdaughter.
I knew someone who worked for one of his companies that burned down in Ohio. He is so cheap that he refuses to spend money to keep them updated and safe.
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