Warren Buffett's Wealth Distribution Plans Unveiled for Posthumous Management
Money | June 28, 2024, 1:14 p.m.
In a recent announcement, Warren Buffett revealed that he has altered his will to no longer include donations to the Bill & Melinda Gates Foundation after his death. Instead, he plans to allocate his wealth to a new charitable trust overseen by his three children, citing his confidence in their values and ability to distribute his fortune effectively. This decision marks a significant shift from his previous plans, where more than 99% of his estate was intended for philanthropic purposes, including donations to the Gates Foundation. Buffett's continued generosity is evident through recent donations totaling approximately $43 billion to the foundation. With a long history of charitable giving, Buffett's decision highlights his commitment to supporting causes he values and trusts, even as he passes on his considerable fortune to the next generation.