Warren Buffett Changes His Will: Gates Foundation Will Not Get Any Money
In a surprising shift, Warren Buffett, the 93-year-old chairman of Berkshire Hathaway, has updated his will to redirect the distribution of his substantial fortune. In an exclusive interview with the Wall Street Journal, Buffett revealed that upon his death, the Bill & Melinda Gates Foundation will no longer receive any donations from his estate. Instead, his wealth will be funneled into a new charitable trust managed by his three children. Buffett has long been known for his philanthropy, previously pledging that over 99% of his estate would support the Gates Foundation along with four family-related charities: the Susan Thompson Buffett Foundation, the Sherwood Foundation, the Howard G. Buffett Foundation, and the NoVo Foundation. This decision marks a significant departure from his earlier commitments. In explaining his decision, Buffett expressed profound trust in his children's values and their capability to steward his philanthropic legacy. Each of his ...
