Buffett Donates $1.1 Billion, Details Plan for $147 Billion Fortune
Warren Buffett donated over $1.1 billion in Berkshire Hathaway stock to family foundations this Thanksgiving, continuing his tradition of philanthropy. He also detailed succession plans for distributing his remaining $147.4 billion fortune after his death, designating successors for his children to ensure continued charitable giving. This decision acknowledges the potential for his children to predecease him, while reaffirming his commitment to avoiding dynastic wealth. Buffett’s giving has favored the Gates Foundation, but will shift to his children’s foundations after his death. He encourages open communication about estate plans, highlighting the importance of family harmony after inheritance.
John Q. Hosedrinker