Billionaire Warren Buffett stops donations to Bill Gates charity
Summary
Warren Buffett has stopped donating shares to the Bill and Melinda Gates Foundation after more than 20 years. Instead, he will now give the shares to four family-related foundations and plans to finish this by the end of 2034.Key Facts
- Warren Buffett promised in 2006 to donate shares of Berkshire Hathaway to the Gates Foundation every year for his lifetime.
- He recently left the Gates Foundation off the list of recipients and will donate to four family foundations instead.
- Buffett plans to give away all his remaining shares by December 31, 2034.
- This change comes after Bill Gates’ connections to Jeffrey Epstein, a convicted sex offender, were publicly revealed.
- Buffett said he has not talked to Gates since the Epstein information came out.
- Bill Gates testified before the US House Oversight Committee about his ties to Epstein.
- Melinda French Gates resigned from the foundation in 2024 and plans to donate $1 billion to support women's rights in the US.
- The Giving Pledge, started by Buffett and the Gates in 2010, encourages wealthy people to give away most of their fortunes.
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