Summary
Warren Buffett gave $1.1 billion in Berkshire Hathaway stock to family foundations and detailed plans for distributing his $147 billion fortune after his death.
His three children will oversee giving the remainder within 10 years, with designated successors in case they predecease him.
Buffett, 94, reaffirmed his belief in avoiding dynastic wealth, favoring philanthropy instead.
Over the years, he has donated $55 billion to the Gates Foundation but plans to shift focus to his family’s foundations.
Buffett continues leading Berkshire Hathaway while preparing Greg Abel as his successor.
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I’m all for taxing the rich and universal Healthcare. As for money, it sadly won’t ever happen in my timeframe. Been a firefighter and emt for over 15 years. The public wants their taxes low. If I were making 74k I’d practically feel like a millionaire.
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Thanks. Yeah, my best friend is now retired air force. I was going to join myself but I’m mostly deaf in my left ear so they weren’t going to allow me to do a lot of the things I was interested in doing.
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