Buffett also said in his statement that he wants all of his remaining Berkshire Hathaway stock worth more than $140bn donated to charity by the end of 2034. Previously the plan was for his three children to distribute his remaining fortune within 10 years of the 95-year-old investor’s death.
Billionaire Warren Buffett omitted Bill Gates′ foundation from his annual donations this year after disclosures of the Microsoft co-founder’s ties to convicted sex offender Jeffrey Epstein. Buffett will donate about $6bn to four foundations connected to his own family, but did not mention Gates in his announcement Tuesday.
“Of course, mortality is unpredictable, but my remaining shares will be donated to the four foundations one way or the other by December 31, 2034,” Buffett said in a statement. “The goal is to have the grants grow annually to each of the three foundations managed by each of my children and the annual grant to the Susan Thompson Buffett Foundation grow at a somewhat greater rate.”
Buffett and the Gates Foundation did not immediately respond on Tuesday to questions. CNBC said Buffett is scheduled to give the channel an exclusive interview on this topic Wednesday morning.
Polish fighter jets intercepted a Russian Ilyushin Il-20 reconnaissance aircraft over the Baltic Sea and forced it to withdraw, in what Warsaw described as another attempt by Moscow to probe NATO’s air defenses.
New York writer E. Jean Carroll is finally getting paid more than three years after a federal civil jury held President Donald Trump liable for sexually abusing and defaming her, allegations Trump continues to deny.
Sam Neill, a smoothly elegant and versatile actor whose career moved from art film to blockbuster as he dodged velociraptors in "Jurassic Park" to playing Holly Hunter's husband in "The Piano," has died. He was 78.
An ICE officer has fatally shot a man in Maine during what authorities described as a routine removal operation, the state’s attorney general’s office confirmed on Monday afternoon. Here’s what we know so far:
The board game Monopoly has always taught some important economic lessons: The benefits of owning real estate. The profit potential of railroad mergers. The value of a get-out-of-jail-free card.
At the Nato summit just ended, Trump lashed out at other Nato members, saying he was “very disappointed with Nato” and asking: “Why are we spending hundreds of billions of dollars, and they’re not there for us?” He reiterated his desire to take over Greenland, blasted European energy and immigration policies, insulted Spain, and worried allies by declaring that the fighting between Kyiv and Moscow “doesn’t affect us”.
Federal agents killed a man at a Memphis motel on Wednesday morning in a Drug Enforcement Administration operation with the Memphis Safe Task Force, the fourth officer-involved death since the anticrime initiative began in September.
