Reported 12 months ago
Warren Buffett, known as the 'Oracle of Omaha,' has confirmed modifying his will again, revealing that he will establish a new charitable trust and entrust it to his three children for management. One significant change is the decision to not continue donations to the Bill and Melinda Gates Foundation after his passing, opting to allocate his assets to a new charitable trust instead. Buffett's children each have their own charitable organizations, and he expressed confidence in their values and approach to asset distribution. In the past, Buffett had planned to donate over 99% of his estate to charities, including five institutions such as the Bill and Melinda Gates Foundation, but with this latest revision, the Gates Foundation will no longer receive contributions upon Buffett's death.
Source: YAHOO