Warren Buffett's Granddaughter Dishes About Family Friction

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Yes, many admire the grandfather (Buffet) for his financial wisdom. However, his true ethics come to light in his treatment of his granddaughter. The article points out that she was adopted-so what? She was raised and accepted as family until she decided to be her own individual. A family should support each other even when opinions differ. She did not even say much in Jamie's documentary. I admire the Johnsons more after watching the documentary. The father and son are both aware of social issues, but fear being trampled on by other wealthy families. Who can blame them? When nasty rumors can and have hurt businesses before. Kudos to them. We could use more individuals like them.

Patty of IL 6:27PM July 23, 2011

fyi

the grandchild involved in the movie did not make the movie, but was simply interviewed by the heir to the Johnson estate, along with many other people

and

she may love to paint, as do I....

but she earns her living working as a nanny for a wealthy couple,

not from painting.

Care enough to get the facts

Mighty Xee of NY 7:23PM April 23, 2011

She was obviously hurt. Family can be so good and so wonderful at times, but then they can turn completely around and be the most painful.

Jerry of AZ 4:05AM April 08, 2011

First of all "GETTING BY ON 40K:....what???? Do you know what 40k is now a days? 40K on just painting? OMG!!!! where is all the hard work you're doing to even hint at getting anything from anyone else????

You can perfectly support your self and 2 kids on that type of salary, but I can see it not being enough if you want to pay millions on spending sprees!

Get a real job... and get a life Nicole!!!!

anonymus of TX 12:11PM April 05, 2010

I completely agree that she is not Buffett's granddaughter. His son adopted her after he divorced her mother. Even if he adopted her while still married, Nicole should have no expectations from Warren as he was not party to the adoption. If I was Buffett, I would do the same thing: treat her the same as other family members while together as a family, but give her no money while I was either alive or in my will. It would be no different than anyother step child - they are not blood relation.

I have heard he treats his other "granddaughter" exactly the same. They are pleasent when together as a family but are excluded from the annual cash gift Buffett passes out to each family member.

Scott of NY 4:50PM January 14, 2009

I look at this from a different angle. I don't think she thinks she's 'entitled' to anything. And I don't think her comment about money being a spoke in his wheel of life as anything but truthful. I think he has a hair about his son marrying a ready-made family and doesn't want this 'pretenders' to have anything to do with his money. So he is using the only excuse he can come up with to keep them from getting his money. I'm wondering how he is treating his other 'granddaughter' her twin.

I don't recall her saying in any conversation that she wanted anything from her grandfather except his acceptance and love.

Let me ask you a question, the man is elderly and he can't take it with him, what would YOU suggest he do with it all? I know, give a lot a way to charitible causes, like Bill Gates, but are you saying that if you had a relative that rich, you wouldn't like to have some of the money? Let's be honest.

hassomesense of TX 12:46PM December 21, 2008

What an ungrateful little twit. Had absolutely nothing to do with earning the money but thinks she should have some say in how it is spent. And why is she qualified to do that? She needs to wash/comb her hair and go out and support herself and then decide how she wants to spend HER money. Kudos to Mr. Buffett. If more parents/grandparents were willing to do that with their spoiled, ungrateful progeny the world would be a better place.

penniesforsense of CA 4:35PM December 18, 2008

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New Money

Katy Marquardt, a senior editor at U.S.News & World Report, takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties. Have a question? E-mail Katy at newmoney@usnews.com

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