Eat The Press

Page Six reports today that billionaire Warren Buffett has excommunicated his granddaughter Nicole Buffett for participating in Jamie Johnson and Nick Kurzon's documentary, "The One Percent" about the richest sliver of America and the widening gap between them and those at the bottom. Buffett apparently dismissed her as no longer having any relation to him "legally or emotionally" (Nicole was adopted by Buffett's son when he married her mother, from whom he is now divorced). A rep for Buffett coldly dismissed Nicole, saying she was "not Mr. Buffett's granddaughter" and dismissing the relationship as "the daughter of a former daughter-in-law of his who was married to his son for only about 10 years." Harsh, and according to Nicole in the documentary and Page Six's sources, entirely inconsistent with family history.

ETP saw "The One Percent" at the Tribeca Film Festival earlier this year (it was great, by the way) and recalls the younger Buffett living a bohemian life as an artist, and, of all the ridiculously rich offspring featured, seemed to have been the one whose family came off the best (as Page Six confirms, Nicole says that the Buffett brood is taken care of until they are out of school, and then they are expected to pay their own way). Buffett seems a tad less forgiving than Johnson's parents (of Johnson & Johnson fame, and fortune), who appear throughout the movie and were in attendance at the premiere, along with many of the other subjects. After the movie, they all got into waiting town cars and drove off.

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