Warren Buffett omits annual donation to Bill Gates’ foundation after his Epstein ties were disclosed
Buffett said his children are ready to manage his fortune, and he will give away all remaining Berkshire shares by the end of 2034.
- On Wednesday, Berkshire Hathaway chairman Warren Buffett omitted the Gates Foundation from his mid-year charitable donations, directing nearly $6 billion of his conglomerate's stock to four family-linked foundations instead.
- Buffett accelerated his philanthropic timeline, aiming to distribute his remaining Berkshire shares by 2034 so his three children can oversee the allocation of his fortune during their lifetimes.
- While calling Bill Gates's association with the late sex offender Jeffrey Epstein "distasteful," Buffett denied the Epstein controversy drove his decision, attributing the shift to confidence in his children's readiness.
- The Gates Foundation, which retained law firm WilmerHale to review ties to Epstein, thanked Buffett for his decades of support and stated it continues from a position of financial strength until its planned 2045 closure.
- Despite the donation shift, Buffett described his relationship with Gates as a "wonderful friendship," noting they recently spent three hours talking together in Omaha to discuss their shared philanthropic work.
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Warren Buffett Talks About Cutting Off Gates Foundation
Billionaire Warren Buffett said Wednesday that his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it is about Bill Gates ' ties to convicted sex offender Jeffrey Epstein. Buffett told...
Uproar in the highest echelons of the charity sector: American billionaire and master investor Warren Buffett (95) has decided not to give money...
The Times and Democrat
News & RecordBuffett stops Gates Foundation donations after Epstein revelations
Warren Buffett said Tuesday he stopped donating money to the Gates Foundation after revelations about interactions between the Microsoft co-founder and philanthropist Bill Gates and the late sex offender Jeffrey Epstein.
Warren Buffett Shifts Massive Fortune Away from Gates Foundation (CNBC Video)
In an exclusive broadcast on CNBC, billionaire investor Warren Buffett broke his highly anticipated silence regarding his historic decision to permanently end his massive charitable contributions to the Bill & Melinda Gates Foundation. The unexpected announcement, which shook the financial and philanthropic sectors, marks the formal conclusion of a nearly two-decade alliance that fundamentally redefined global giving. Since 2006, the Berkshire H…
Warren Buffett Just Cut the Bill Gates Foundation From His Annual Donation for the First Time Since 2006. The Missing $4.5 Billion Goes to His Children's Charities.
Buffett shifted his plan, but he's still on track to provide the world with billions in giving for decades to come.
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