Buffett, 93, whose fortune is estimated at $134.3 billion, has changed his will several times.
One of the richest people on the planet, the Chairman and CEO of Berkshire Hathaway, Warren Buffett, said that after his death, almost all of his money and assets will go to a new charitable foundation, which will be managed by his daughter and two sons. The Wall Street Journal reported this.
Buffett also signaled an end to his donations to the Bill & Melinda Gates Foundation, to which he has donated billions.
The Gates Foundation, one of the largest in the world, is known for its work in the field of health, as well as the fight against poverty and gender equality. From 2006 to 2023, Buffett donated $39.3 billion to the fund.
With the latest round of charitable contributions announced on June 28, Buffett still owns nearly $130 billion of his company’s stock.
His three children must jointly decide what charitable purposes the money will be used for.
Buffett, 93, whose net worth is estimated at $134.3 billion, has reportedly changed his will several times. He came up with his current plan after watching his children mature over the years.
Susie Buffett, 71, heads the Sherwood Foundation, which promotes early childhood education and social justice. He heads the Susan Foundation. The foundation funds reproductive rights as well as college scholarships, according to tax returns.
Govie Buffett, 69, is a farmer and director of the Howard G. Buffett Foundation, which works to promote food security, mitigate conflict and combat human trafficking.
Peter Buffett, 66, a music composer, and his wife Jennifer Buffett lead the NoVo Foundation, whose projects include working with indigenous communities.
We remind you that in 2022, a lunch with American billionaire investor Warren Buffett was sold on eBay online auction for $19 million.
As reported, French billionaire and LVMH CEO Bernard Arnault topped the ranking of the richest people in the world according to Forbes. Arnault’s net worth is estimated at $210.1 billion, putting him ahead of Tesla CEO Elon Musk, whose net worth is now $208.6 billion.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.