Warren Buffett made his largest annual donation ever, giving $5.3 billion in Berkshire Hathaway shares to five charities. The donation included shares for the Bill & Melinda Gates Foundation, the Susan Thompson Buffett Foundation, and charities led by his children. Buffett has been donating to these charities since 2006. After the donation, Buffett still owns shares worth about $130 billion.
In an interview, Buffett stated that after his death, his wealth will go to a new charitable trust overseen by his children to help those less fortunate. He emphasized the importance of using his wealth to benefit others. Buffett clarified that the Gates Foundation will no longer receive donations after his death, as he resigned as a trustee amid Bill and Melinda Gates’ divorce in 2021.
Buffett has named Greg Abel as his successor at Berkshire Hathaway, acknowledging the future without him at the helm. He has also stated that his will, which will be made public after his death, will be simple and transparent, without the use of complex trusts to avoid scrutiny. Buffett’s commitment to philanthropy and ensuring his wealth benefits those in need is a central theme in his charitable endeavors and future plans for his fortune.
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