In 2022, Ruth Gottesman’s husband of 96 years passed away, leaving behind a legacy that amazed even his wife. So, he left her Berkshire Hathaway shares worth $1 billion.
This was reported by Bussines Insider and The New York Times.
Ruth admitted that she did not even suspect such a clause in her husband’s will.
“My husband’s only instructions? Do whatever you want with them,” she said.
At first she hesitated, not knowing how to manage such an impressive sum, but after the recommendations of her children, she decided not to postpone the decision. As a result, she decided on the direction of these funds – they will be sent to the Albert Einstein College of Medicine, located in the Bronx, one of the most needy areas of New York.
She expressed a desire to support college students by providing them with the opportunity to receive an education for free. As a result, starting in the spring of 2024, fourth-year students will receive tuition reimbursement, and starting in August of this year, all current and future students will study without being charged.
Ruth Gottesman personally announced the news to students on February 26, causing a wave of delight among those present, who showed their joy with applause and tears.
We are profoundly grateful that Dr. Ruth Gottesman, Professor Emerita of Pediatrics at @EinsteinMed, has made a transformational gift to #MontefioreEinstein—the largest to any medical school in the country—that ensures no student has to pay tuition again. https://t.co/XOy9HZLbfD pic.twitter.com/1ijv02jHFk
— Montefiore Health System (@MontefioreNYC) February 26, 2024
Ruth Gottesman, Distinguished Professor of Clinical Pediatrics at Albert Einstein College, inherited her legacy through her husband, David “Sandy” Gottesman. His career began in the 60s thanks to his friendship with Warren Buffett, which allowed him to become one of the first investors in Berkshire Hathaway. He later founded the investment company First Manhattan Co., which is currently run by his son.
It is noted that the cost of college exceeds $59,000 per year, leaving many graduates with debts in excess of $200,000.
Kursor also reported how an American “lost” $340 million due to an error on the website.
