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Warren Buffett bet benefits Girls Inc.

Organization will get more than $1 million
Posted: 12:37 PM, Jan 03, 2018
Updated: 2018-01-03 21:38:21Z
Warren Buffett bet benefits Girls Inc.

In 2007, Warren Buffett made a $1 million bet that the S&P 500 stock index fund would outperform hedge funds picked by Protege Partners over 10 years. 

Buffett won, and that win benefits Girls Inc. Omaha , an organization that inspires girls to create a vision for a bright and healthy future. 

According to the Wall Street Journal , Girls Inc. will actually receive more than the original $1 million. The money from the bet was put into $320,000 worth of bonds, which appreciated faster than expected, so Berkshire B shares became part of the bet. Those shares are now worth $2.2 million.