Warren Buffett, CEO and chairman of Berkshire Hathaway, admits that he has written and modified his will several times over the years. But at 93, the world’s tenth richest man is already giving some clues about his future. What will happen to his fortune when he dies?
In an interview with Wall Street JournalBuffett says the fortune will be channelled into a new charity fund to be managed by the three children. The “Oracle of Omaha”, as he is known for investing and gambling, is the father of Susie, 71, Howie, 69, and Peter, 66.
“[A fortuna] It should be used to help people who are not as fortunate as we are.“the American told the newspaper. “There are eight billion people in the world and my children and I were lucky to be among the luckiest 100 1% [população com mais dinheiro]. There are many ways to help people,” she said during the interview.
Although he says he has not yet given his children more specific orders, Buffett says that the donations he makes to other foundations They will cease when you die. “The Gates Foundation will not receive any more money after my death,” he said. Since 2006, Buffett, who has a fortune valued at 130 billion dollars, has donated more than half of Berkshire Hathaway’s shares to the foundation created by Bill and Melinda French Gates.
Warren Buffett leaves the Bill and Melinda Gates Foundation, where he left half of his fortune
The billionaire says he revealed this plan after noticing how his children have matured over the years. Buffett sits down “very, very good with values” of his three children and says he has “100% confidence in how they will handle things.” And he admits that the trio of offspring will have an advantage in responding to challenges such as taxes and changes in laws. “I like to think I can think outside the box, but I’m not sure I can think like that when I’m six feet under and doing a better job than three people on the surface who I trust completely,” he jokes.
Melinda Gates leaves the philanthropic foundation she created with Bill Gates
Each of Buffett’s children runs his own foundation, which receives Berkshire shares annually. Susie Buffett, Omaha’s only resident, runs the Sherwood Foundation, which promotes early childhood education and social justice. She also chairs the Susan Thompson Buffett Foundation, a tribute to Warren Buffett’s mother and first wife, who died in 2004. This foundation is dedicated to defending reproduction rights and university scholarships.
Howie Buffett is a farmer and lives in Decatur, Illinois. He has a foundation named after him, the Howard G. Buffett Foundation, which is dedicated to defending food security, mitigating conflict, and combating human trafficking. Both Susie and Howie have positions on Berkshire’s board of directors.
The youngest son, Peter, is a composer living in New York. He leads the NoVo Foundation with his wife, Jennifer Buffett, with philanthropic work linked to indigenous communities.
Source: Observadora
