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.
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