Washington: Amid the worst economic recession in generations, billionaire investor Warren Buffett will teach kids financial lessons, including how to avoid debt.
Secret Millionaire’s Club, a three to five minutes long new online animated series staring Buffett, is set to initially appear on AOL, before being distributed more broadly across the web via social networking sites.
The Nebraska-based 78-year-old chief executive of Berkshire Hathaway, who is e-world’s second richest man with a fortune estimated at $37 billion, will give advice to children on the art of finance, including how to avoid debt in the cartoon to be created by the internet empire AOL and media production firm A Squared Media.
Buffett said the worst global financial credit crunch in decades served as a reminder of the need to teach children about money. “What better time to help educate our kids about financial responsibility,” Buffett said in a statement.
Buffett said he hopes the cartoon will be fun and informative.
“This is a legacy item for him,” said cartoon creator Andy Heyward, who has been creating humorous cartoons for Berkshire’s annual meetings since the 1980s.