Reported about 1 year ago
Renowned investor Warren Buffett, aged 93 with a net worth of $134.3 billion, has decided to amend his will and place his estate into a charitable trust overseen by his three children. Previously, Buffett's will stated that 99% of his wealth be given to four charitable institutions related to the Bill and Melinda Gates Foundation. However, he now trusts his children to handle the wealth judiciously. Buffett also plans to continue donating to the Gates Foundation during his lifetime. This decision comes with Buffett's confidence in his children's values and their commitment to fulfilling his wishes. Additionally, Buffett's company Berkshire Hathaway announced the conversion of shares worth around $12.8 billion to be donated to charity organizations within the Buffett family.
Source: YAHOO