Nicole Buffett is the granddaughter of Warren Buffett, the richest man in the world. (Her mother was married at one point to the billionaire’s son.) Marie Claire reports that after Nicole appeared in a documentary about rich kids without giving her grandfather the heads up, he disowned her. Now she must get by on $40,000 a year; no more handouts from Pappy.
The perceived sense of entitlement and Nicole’s self-appointed role as
family spokesperson prompted Buffett to tell Peter that he’d renounce
her. A month later, the mega-billionaire mailed Nicole a letter in
which he cautioned her about the pitfalls of the Buffett name: “People
will react to you based on that ‘fact’ rather than who you are or what
you have accomplished.” He punctuated the letter by declaring, “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.” Nicole was
devastated. “He signed the letter ‘Warren,'” she says. “I have a card
from him just a year earlier that’s signed ‘Grandpa.'”
You can read the whole article here. What’s your take on this “starving” artist?