News@lemmy.worldEnglish · 16 hours ago

Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death

apnews.com

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Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death

apnews.com

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News@lemmy.worldEnglish · 16 hours ago

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apnews.com

Summary

Warren Buffett gave $1.1 billion in Berkshire Hathaway stock to family foundations and detailed plans for distributing his $147 billion fortune after his death.

His three children will oversee giving the remainder within 10 years, with designated successors in case they predecease him.

Buffett, 94, reaffirmed his belief in avoiding dynastic wealth, favoring philanthropy instead.

Over the years, he has donated $55 billion to the Gates Foundation but plans to shift focus to his family’s foundations.

Buffett continues leading Berkshire Hathaway while preparing Greg Abel as his successor.

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chiliedogg@lemmy.world
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2 hours ago
I’m pretty sure his foundations and the Gates stuff both are specifically designed to be left with zero money at the end.

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