‘Gates Foundation has no money coming after my death': Warren Buffett changes his will

Warren Buffett, the 93-year-old president of Berkshire Hathaway, has revised the aboriginal organisation of his important fortune. In an exclusive interrogation with the Wall Street Journal, Buffett disclosed that his volition has been updated to cease donations to the Bill & Melinda Gates Foundation upon his death. Instead, his wealthiness volition beryllium directed to a caller charitable spot overseen by his 3 children.

"The Gates Foundation has nary wealth coming aft my death," Buffett stated, arsenic quoted successful the report.

Buffett explained that helium has made aggregate amendments to his will, driven by his beardown content successful his children's values and their quality to negociate his philanthropic legacy. Each of his children already operates a charitable organization.

"I consciousness very, precise bully astir the values of my 3 children, and I person 100% spot successful however they volition transportation things out," Buffett affirmed, arsenic quoted successful the report.

Historically, Buffett had pledged that much than 99% of his property would enactment the Bill & Melinda Gates Foundation and 4 family-related charities: the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation.

Livemint could not independently verify this quality development.

Despite the changes successful his will, Buffett continues to donate to the Gates Foundation during his lifetime.

On Friday, Berkshire Hathaway announced Buffett's conversion of astir 9,000 Class A shares into implicit 13 cardinal Class B shares. Of these, astir 9.3 cardinal shares volition spell to the Bill & Melinda Gates Foundation Trust, with the remainder allocated to the 4 Buffett household charities.

"Warren Buffett has been exceedingly generous to the Gates Foundation done much than 18 years of contributions and advice," said Mark Suzman, the foundation's main executive, to CNN. “We are profoundly grateful for his astir caller acquisition and contributions totalling astir $43 cardinal to our work."

Last year, Buffett donated astir $870 cardinal to his family's 4 charities and astir $750 cardinal to them successful 2022.

With these recently announced donations, Buffett retains ownership of 207,963 Berkshire Hathaway Class A shares and 2,586 Class B shares, valued astatine astir $128 billion.

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