He does, however, have plans for the proceeds, which will be split with his sister.
The financing round, which will be split into two portions, will be led by DST Global, the investment firm headed by the Russian billionaire Yuri Milner.
With an annual budget of £4.5m, it looks after stakes in Royal Bank of Scotland, Lloyds Banking Group, Bradford & Bingley and eventually Northern Rock, which will be split into a "good" and "bad" bank.
The Chinese government meanwhile has yet to name the chief of its own, outsized investment fund, which will be split off from its $1 trillion-worth of foreign-exchange reserves.The predicaments facing Mr Buffett, the consummate capitalist, and the Chinese government, still avowedly communist, meet on many levels.
In the biggest-ever deal in the financial-services industry, the RBS-led group will pay euro72 billion ($101 billion) for ABN, which will be split among the consortium's members: RBS takes ABN's wholesale business and Asian operations, Spain's Santander gets its Italian and Brazilian units, and Fortis, a Belgian-Dutch group, its Dutch retail-banking business.
(On Tuesday, Stefano Tonchi, the editor of T: The New York Times Style Magazine, was named the new editor of W, which will be split from Fairchild and folded into the glossy magazine portfolio of Condé Nast and Advance Publications, which acquired Fairchild in 1999).
This plays nicely into the narrative that we are moving towards a world in which education will be split between the elite and the rest.
"Which means homo sapiens will be split into a handful of 'gods', and then the rest of us.
Finding the funds to pay for partial relief -- which negotiators have determined will be split evenly between defense and non-defense accounts -- has proven difficult.
But the consensus in the industry is that deals will be split, which is bad for IBM and good for its rivals.The second big change is that Indian firms are rapidly moving upmarket.
At the point of time of final decision on which parts to implement in software and which in hardware, the original specification will be split into several partial specifications.
