Warren Buffett, the legendary investor, made his largest annual donation to date by giving $5.3 billion worth of Berkshire Hathaway shares to five charities. This donation included shares to the Bill & Melinda Gates Foundation, the Susan Thompson Buffett Foundation, and charities led by his children. Buffett has been making annual donations to these charities since 2006 and has pledged to give away his fortune to help those less fortunate.
After his death, Buffett’s enormous fortune will be directed to a new charitable trust overseen by his three children, with the goal of helping people in need. He has confirmed that the Bill & Melinda Gates Foundation will no longer receive donations after his death, following his resignation as a trustee in June 2021. Buffett’s successor at Berkshire Hathaway, Greg Abel, has been named and is taking on more responsibility at the conglomerate as Buffett nears his 94th birthday in August.
Buffett has made it clear that after his death, his will, which includes the disposition of his assets, will be an open book for inspection at the Douglas County Courthouse, without any secretive trusts or entities. Despite his advanced age, Buffett continues to plan for the future of his wealth and legacy, ensuring that it will be used to benefit those in need.
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