Buffett omits gift to Bill Gates' foundation after Microsoft cofounder's Epstein ties disclosed
Summary
Warren Buffett announced he will not give donations to the Bill and Melinda Gates Foundation this year following disclosures about Bill Gates’ past connections to Jeffrey Epstein. Instead, Buffett will donate around $6 billion to four family-run foundations and plans to donate all his remaining Berkshire Hathaway shares, worth over $140 billion, to charity by the end of 2034.Key Facts
- Warren Buffett is skipping donations to the Gates Foundation this year after news about Bill Gates’ links to Jeffrey Epstein.
- Buffett will donate about $6 billion to four foundations managed by his children and family.
- He plans to give all his remaining Berkshire Hathaway stock to charity by December 31, 2034.
- Previously, Buffett planned for his children to distribute his fortune after his death, but now he is accelerating this plan.
- Most of Buffett’s past giving (over $61 billion) went to the Gates Foundation since 2006.
- Bill Gates denies any wrongdoing and says he met Epstein only to raise money for charity.
- Epstein died in prison in 2019, with his death ruled a suicide.
- Buffett and Gates were close friends but have not spoken for months since Epstein’s files were made public.
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