Nicole Buffett Not Spoiled By Her Grandfather, Warren Buffett
Nicole Buffett, the 32 year old granddaughter of Warren Buffett, a man known for his flair in investing, says that she isn't spoiled by her famous grand dad. In fact, Warren has pretty much disowned her.
Nicole works as an artist and makes approximately $40,000.00 a year, doesn't have cable television or health insurance, according to her.
Warren Buffett's son, Peter, married Nicole's mother when she was four years old and adopted Nicole and her twin sister. The Buffett family embraced the children, but Warren was stern about what money he was going to dole out to the girls after they were grown.
Warren didn't mince words and said that he would pay for their college tuition and that was it. He financed Nicole's tuition at art school but refused to pay for extras, like furniture for her apartments.
Nicole told Marie Claire magazine that their relationship chilled after she agreed to appear in the documentary The One Percent that tackled the subject of the gap between rich and poor people in America. The Buffett family has managed to keep a relatively low profile and kept out of the media spotlight and she didn't seek approval from her grandfather before filming the piece.
She said, "I definitely fear judgment. Money is the spoke in my grandfather's wheel of life."
She made matters worse when she appeared in Oprah to promote the film. She told Oprah, "It would be nice to be involved with creating things for others with that money and to be involved in it. I feel completely excluded from it."
Warren Buffett renounced her after she kept on talking.
Peter Buffett divorced Nicole's mom in 1993 and remarried a short time after.
Despite being disowned, she still has a few things on her side - the Buffett name and an education. Surely, Warren feels that this should be enough for her to make her own way in the world, and he's probably right.
It's a lot more than what others in this world have and cable television isn't all it's cracked up to be - certainly an extra $50.00 a month can make that dream a reality.
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