I know there’s any number of arguments that can be made against billionaires existing at all, and I’m not exactly a fan of the obscenely rich myself, but I must tip my hat to this lady:
When the 96-year-old Ruth Gottesman’s husband died in 2022, he left behind something that surprised even his wife: $1 billion in Berkshire Hathaway stock.
“He left me, unbeknownst to me, a whole portfolio of Berkshire Hathaway stock,” Gottesman told The New York Times. Her husband’s only instructions? “Do whatever you think is right with it,” she told the outlet.
At first, Gottesman couldn’t decide what to do with the massive bequest, but after her children advised her not to wait too long, she had a realization, The New York Times reported.
She would donate the money in full to the Albert Einstein College of Medicine in the Bronx, New York City’s poorest borough, the Times reported.
“I wanted to fund students at Einstein so that they would receive free tuition,” she told the Times.
Her gift is so large that it’s set to cover students’ tuition for the medical school in perpetuity, the college said in a press release.
I actually did a quick bit of maths, and at the current rate ($59k per annum) that works out at nearly seventeen thousand years’ worth of tuition. It’ll be centuries before anyone ever need to cough up for tuition at Einstein College again. Amazing.