Reported 12 months ago
Warren Buffett, the 93-year-old investment guru, revealed his plan to stop donating to the Bill & Melinda Gates Foundation after his passing. Instead, the remaining wealth of $134.5 billion will be donated to a newly established charity trust fund overseen by his daughter and two sons. Despite previously supporting the Gates Foundation, which has since been disbanded due to Bill and Melinda Gates' divorce, Buffett announced his decision to change his will based on his children's values and their trust in managing the wealth. He continues to donate during his lifetime, recently gifting over $9.93 million Berkshire Hathaway shares to the foundation, totaling over $43 billion in donations over the years.
Source: YAHOO