Investor Warren Buffett, one of the richest people on the planet, told The Wall Street Journal (WSJ) that when he dies he will leave his fortune to a new charitable foundation overseen by his children.
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The 93-year-old, who owns nearly $130 billion in Berkshire Hathaway shares, told the outlet that His three children must unanimously decide what philanthropic purposes the money will be used for.
“I feel very, very good about the values of my three children and I have 100% confidence in how they will carry out things“, he noted the tenth on Forbes’ list of richest people to the WSJ in an interview published on Friday.
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The billionaire has already given away more than half of his Berkshire shares. Although billions from his empire have gone to the Bill and Melinda Gates Foundation, Buffett told the newspaper that once he is dead he will stop donating to this foundation.
Warren Buffett
EFE
From 2006 to 2023, Buffett donated $39.3 billion to the Gates Foundation, according to his website. Buffett said he has not given orders about what to do with his legacy to his children, Susie (71), Howie (69) and Peter Buffett (66).
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“It should be used to help people who have not been as fortunate as us (…) There are 8 billion people in the world, and my children and I have been in the 100% luckiest of the 1%. There are many ways to help peopleBuffett noted that he has been able to think outside the box all his life, but once he is buried underground, his children “from the surface” will be able to do great work.
EFE
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