black women

Warren Buffett’s son explained why he bought Rosa Parks’ possessions

By  |  394 Comments

By Nigel Boys

Although Rosa Parks, the civil rights activist who Congress called “the first lady of civil rights” died at the age of 92 in October, 2005, her memorabilia, including the Presidential Medal of Freedom and Congressional Gold Medal have been locked up in legal battles.

However, recently the items were put up for auction and were snapped up by Howard Buffett, the son of the Warren Edward Buffet, business magnate, investor, philanthropist and CEO of Berkshire Hathaway, for $4.5 million, according to CNN Money.

The son of the man who is considered to be the most successful investor of the 20th century has his own organization, the Howard G. Buffett Foundation, which aims to deliver clean water and improve agriculture in many developing countries around the world.

However, Buffett bought the memorabilia of the woman who became famous for refusing to give up her seat to a white man in Montgomery, Alabama in 1955, because he believes that it should be open to public observation, and it’s something his late mother would have done.

The 59-year-old businessman and former politician believes that Park’s story is an incredible part of American Civil Rights history and it would be a crime to lock her memorabilia up in a chamber out of sight.

Buffet went on to say that he would turn over the items, which include letters, photos and other artifacts of Parks, to an institution that would take great care of them and ensure that they were displayed somewhere the public could have access to it all.

Susan Buffett, formerly Susan Thompson, singer, business person, activist and the wife of Warren Buffett for 52 years before her death in 2004, was the mother of their three children, Howard Graham, Susan Alice and Peter Buffett. She was also the 153rd richest person in the world at the time of her demise, and owned 2.2% of Berkshire Hathaway.  She was active in civil rights, ab0rtion rights and population control causes.

After Parks was arrested in 1955, the Rev. Martin Luther King Jr. organized a 381-day boycott of the Montgomery Bus company to show support for her cause, until seating arrangements were handled on a first-come basis and black drivers were hired.

SOURCE

 

394 Comments

  1. Nell Barnett

    September 3, 2014 at 1:58 pm

    It seems that the items were up for auction and Buffet bought them so they would have a home for public display. Even if the family had been able to hold on to the them for one or two generations, in all probability they would have gotten lost or misplaced eventually, It appears they will now have a permanent showcase for many to see as a part of our country’s history that should not be forgotten. Sista, even the worst of us often desire to do good at times:)

  2. Glory Mosby

    September 5, 2014 at 6:31 pm

    If that’s the real reason why he bought Rosa Park’s memorabilia, then kudos to him because I’m all for educating the masses!! :*

  3. Tommie Christian

    September 6, 2014 at 3:37 pm

    Okay guys hold up…..
    #1. The real reason for his actions may not be the final solution to what nay have been fir prosperity. I can only see him as another bloke trying to be, “SAVIOR!”. To which we don’t need.
    #2. What makes you think that they would have gotten lost or misplaced somewhere? Are you saying that we are irresponsible and so triffiling that we cannot be entrusted with such of a great responsibility? That we lack the ability to be trustworthy? “NO GOOD SHERLOCK…!” How can you make such an assessment?
    #3. We can educate our ourselves. We don’t need a “SAVIOR” (Mr. Buffett), to do it for us. A contribution a HBC would have been sufficient. Not into an other controling factor or guardian, in a manner of speaking, preserve out history in this country.
    I tell you what, let us hold the original documents of the Constitution for safekeeping and prosperity. ….

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