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Buffett Shifts Wealth, Breaks Ties with Gates | Global News
Description
Warren Buffett is dramatically shifting his philanthropic strategy, pledging to donate his entire $140 billion Berkshire Hathaway stake by 2034 — ditching his prior plan for his heirs to distribute his fortune. He’s also cut ties with the Bill & Melinda Gates Foundation, citing discomfort over Gates’ past associations with Jeffrey Epstein, despite Gates’ denials of any wrongdoing. Once close allies who shared vacations and board seats, Buffett says he hasn’t spoken to Gates in months since Epstein revelations surfaced. The Gates Foundation, grateful for Buffett’s $47 billion in past gifts, is now reviewing its own Epstein-related history and future partnership policies. Buffett, calling Epstein a “sensational con man,” is relieved he never visited Omaha — where Buffett’s empire was built — and remains Berkshire’s chairman and largest shareholder.
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