Reported 12 months ago
93-year-old stock market guru Warren Buffett recently disclosed that he has made changes to his will, stipulating that his assets will be put into a new charitable trust fund after his passing and overseen by his three children. Buffett mentioned that these funds will be used to help 'less fortunate individuals.' The billionaire Buffett, known for his long-term value investing and frugal lifestyle, is estimated to have a net worth of $135 billion and is ranked as the 10th wealthiest person globally. He has decided not to continue donations to the Bill and Melinda Gates Foundation but to allocate almost all of his estate to a newly established charitable trust for the benefit of those less lucky than him and his family.
Source: YAHOO