Billionaire Warren Buffett announced the donation of approximately $1.15 billion worth of Berkshire Hathaway shares to family charity organizations in a letter to shareholders. He also mentioned his intention to distribute all of his Berkshire shares among his children and expressed his wish not to create a dynasty.
In a colourful letter to Berkshire Hathaway shareholders on Monday, billionaire Warren Buffett upped his record for humanitarian donations by more than $1.1 billion while at the same time changing his will around the planned distribution of his riches after his death. Buffett revealed Monday that he will gift around $1.15 billion of Berkshire shares to his family's charity organisations, which include those operated by his three children, Howard, Peter, and Susie Buffett.
The majority of that comes from his more than $43 billion in gifts to the Gates Foundation, which is overseen by fellow billionaire and Microsoft cofounder Bill Gates. Buffett, who is worth more than twice as much as he was in 2014, is still less than half as wealthy as the world’s wealthiest man, Elon Musk, who has a mind-bending $330 billion fortune. "In no way did I, or anyone else, dream of the fortunes that have become attainable in America during the last few decades.
Warren Buffett Berkshire Hathaway Philanthropy Charity Will
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