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Buffett Accelerates $140B Charity Gift | Sydney News

Buffett Accelerates $140B Charity Gift | Sydney News

Published 1 week, 5 days ago
Description

Warren Buffett is accelerating his philanthropic legacy, pledging to donate all remaining Berkshire Hathaway stock—worth over $140 billion—to four foundations by December 31, 2034, bypassing his children entirely. This marks a dramatic shift from his earlier plan and comes amid a cooling relationship with Bill Gates, whose foundation—set to close in 2045—has thanked Buffett for his $47 billion in past support. The move follows Buffett’s earlier intent to stop funding Gates posthumously, now fast-tracked. Both men once shared a close bond, but their ties have frayed since the Epstein files surfaced, prompting Gates’ foundation to review its ties to Epstein and vetting protocols. Buffett, who stepped down as CEO after 60 years, remains chairman and largest shareholder, signaling a bold new chapter for his fortune’s distribution—with charity front and center.

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