Top-tier philanthropist Susan Alice Buffett, the daughter of Omaha billionaire Warren Buffet, has devoted most of her efforts to the Sherwood Foundation.
The three children, Howard, Peter, and Susan Alice Buffett, were born to Warren Buffett and his late wife Susan Thompson Buffet. The three children of Warren each have a cause that is very precious to them, and the oldest’s causes include social justice, education, and families. Being the only daughter of Buffett has unique obstacles for her as well as incredible opportunities.
Read the article below to learn more about her charitable endeavors, personal and professional life, early years growing up as the daughter of the once richest man on the planet, and much more.
Where Did Susan Alice Buffett Grow Up?
Susan Alice Buffett, also known as Susie, was born on July 30, 1953, in Omaha, Nebraska, as the couple’s first child.
The now-68-year-old attended Omaha Central High, a downtown school with a diverse student body in terms of race and socioeconomic status.
Buffet completed studies in social ecology and home economics at the University of California, Irvine, and the University of Nebraska-Lincoln, respectively.
But she left school before she could graduate. Susan Thompson Buffet, Susie’s later mother, served as a street-level role model for her, according to Susie. She also describes her father as a typical person, the same person she has known when she was a young child.
Susan’s parents were married in an unusual way.
Her parents, Mr. Buffett and Susan Buffett, were wed in 1952 and stayed so till Susan Buffett passed away in 2004.
They do, however, have odd marital arrangements; Warren and Susan, his first wife and Susie’s mother, still live together, while the former is also married to Astrid Menks, a Latvian woman.
Actually, Susan was the one who made the relationship between Astrid and Warren possible in the first place. Wenks and Mr. Buffet still live together in Omaha, Nebraska, as husband and wife.
All Her Life, Susan Alice Buffett Has Been A Philanthropist
Susie has long advocated for early childhood education, seeking out cutting-edge initiatives to equalize chances for children ages three and four.
According to a statement from The Sherwood Foundation, formerly known as the Susan A. Buffett Foundation, her main organization:
“The Sherwood Foundation enhances the quality of life in Nebraska by promoting equity via social justice activities.”
The group asserts to have deeply held beliefs in the importance of civil freedoms, equality, and fairness, with a focus on women and others who are subjected to oppression due of their color, sexual orientation, religion, or lack thereof.
Susie has made some of the most important contributions to Omaha’s public schools. According to a 2020 Los Angeles Times report, she has given to nearly 550 educational initiatives there. Susie’s Buffett Early Childhood Fund, which supports pre-K programs for poor kids and communities with little resources, is also highlighted in an article in Inside Philanthropy.
Numerous nonprofit projects focusing on education, social justice, and poverty reduction have also received funding from her organization; these projects range from a local ballet company to Big Brothers/Big Sisters to a group of black police officers.
Other Concerns Susan’s Organization Addresses
The Sherwood Foundation has expanded its grantmaking throughout the years to support sex trafficking prevention, other social justice, and poverty alleviation initiatives.
The daughter of a billionaire from Nebraska and her charity have also developed a keen interest in the difficulties that American females have experienced recently.
Susie has addressed the issue of mass shootings in US campuses and the nation’s gun restrictions through her charitable organizations.
The Times article Approximately the span of 20 years, The Sherwood Foundation has given over $1.3 billion exclusively to other Nebraska-based nonprofits.
Susie participates in charitable groups and works for the family company. She joined the board of directors of Berkshire Hathaway Inc. as a result in November 2021.
Barbara Susan Buffett didn’t know her father, Warren Buffet, was that wealthy.
Surprisingly, Susie and her brothers didn’t become aware of their father’s financial status until they were in their 20s.
She admitted that her father wasn’t as successful when she and her brothers were little. Susie acknowledged that he was undoubtedly in the process of becoming that, though. She refers to that time as being a fairly normal home life and upbringing for her and her family. Susie claimed that although their home was excellent, it wasn’t the largest in the neighborhood.
“Until I was well out of high school and out of Omaha, I really had no notion about any money,”
In January 2017, Susan spoke to Business Insider.
The lone child of Warren went on to say that she and her brothers attended public schools and that they did not have cars until they were 16 years old. The former Omaha Central High student said that she would receive an allowance and that she had household chores to complete.
How Did She Discover Her Father’s Wealth?
When questioned in an interview if Susie Buffett and her brothers were aware of their wealth, the head of the Sherwood Foundation responded,
“No, and in those years, we really weren’t. We weren’t in need. I did, however, sleep in the dresser drawer when I was a baby. My father worked hard for every dollar, and when I was five, we relocated to the pleasant middle-class area where he currently resides. Every day I took the bus to school. The moment we turned 16, we did not acquire automobiles.
The stakeholder in Berkshire Hathaway once acknowledged that there were indications that gave her the impression that her father was actually prospering, such the commencement of a scholarship program by her mother when Susan was a senior in high school.
Susan stated that although there were just a few children per year, “she started as soon as there was sufficient money to give away.”
Even though she was certain that her family was wealthy, she never heard her parents mention it. Susie claims that when she was around 22 or 23, she first learned about it from a Wall Street Journal story. She blames her humble upbringing for the fact that she only recently learned of her father’s wealth.
Susan Alice Buffett won’t receive her father’s wealth as an inheritance.
The fact that Susan’s renowned businessman father has chosen to donate practically all of his $100 billion or more fortune to charity is quite well known.
The Oracle of Omaha initially declared his intention to donate the vast bulk of his wealth in 2006, when he was 75 years old, and he is currently halfway through the admirable endeavor.
He has repeatedly said that investing his “incomprehensible” wealth un charitable causes rather than his children’s stock portfolios would be a better use of it.
Susie and her brothers, for their part, had no problem with their father’s choice to donate all of his money to charity following his passing.
Susie once remarked about her father’s choice:
“It wasn’t unexpected. He informed us beforehand. And to be completely honest, I doubt I would accept the responsibility of dispersing that much.
Who Is the Husband of Susan Alice Buffett? She has kids, right?
The first known relationship of Ms. Buffet was with Allen Greenberg, whom she wed in 1983. Susie had met Greenberg, an attorney with Public Citizen, in Washington. However, the pair got a divorce in 1995.
Susie first met Greenberg while she was in her early 20s. She had recently left college and was working as an assistant at the time. The nice samaritan gave birth to two children with Allen.
Susie had been divorced from Greenberg for approximately 20 years. Before being married to John Foley in December 2017, she dated him for six years, according to Omaha World-Herald.
Susie’s other brother, Howard, allegedly couldn’t make it, but her brother Peter was there for the small, private wedding.
Foley, Susan’s ex-husband and an Omaha philanthropist, is a retired IT professional. Although it is unknown what kind of home the couple occupies, Susie hasn’t left North Omaha, Nebraska in a very long time.
What does Susan do right now?
Susie Buffett is currently as discreet as a prominent philanthropist can be. The mom of two does not have a PR. She also doesn’t do a lot of interviews or write a lot of press releases. She also dislikes having her name attached to programs that she supports.
I enjoy that I have the most mundane existence imaginable; I don’t wish to travel the world, attend posh parties, or have my photo published in numerous magazines. Simply put, I don’t give a damn.
In June 2018, the former Mrs. Greenberg admitted it. It appears that her only concern is serving the community. She believes that the reward is in the act of giving.
How Much Money Is Susan Alice Buffet Worth?
Although Alice has not gotten anything from Susan’s father, he has made it obvious that neither she nor her brothers—or even their children—are reaping the benefits of the enormous family money.
The Washington Post claimed in 2014 that Mr. Buffett had a $2 billion foundation for each kid, including Susie. Susie, along with her two brothers, is a big shareholder in Berkshire.
However, it is not apparent what or how much she has for herself. Whatever the case, based on the information above, Susan’s net worth could range anywhere from hundreds to potentially a few billion dollars.
Are the disowned granddaughters of Warren Buffet Susan’s children?
In the middle of the 2000s, Warren made a startling declaration, saying he couldn’t care less about his grandchildren and that they weren’t getting a single penny from his money.
These grandchildren, though, were not Susan’s offspring. Instead, they were Peter Buffet, Warren’s youngest son, who had adopted them. After marrying the mother of the identical twin girls, Mary Buffett, Peter adopted twin girls, Erica and Nicole.
When one of the twins, Nicole, made a comment about the business tycoon in Jamie Johnson’s documentary, The One Percent, in 2006, Susan’s father was moved to make such a statement (a feature about rich kids).
She had stated in one of the videos that her step-grandfather, Warren Buffet, appeared to place a high value on money. Buffet later considered this to be highly upsetting, and as a result, he cut Nicole, Erica’s twin sister (who did not participate in the movie), and Erica out of his life both emotionally and financially.
The rest of my family has not adopted you as a niece or a cousin, nor have I legally or emotionally adopted you as a grandchild.
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