Buffett Ends Gates Gifts
Buffett says Gates' Epstein ties were not the reason he stopped Foundation stock gifts.
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Warren Buffett omitted the Gates Foundation from his annual Berkshire Hathaway stock donations this year, giving about $6 billion instead to four foundations tied to his family. Buffett has donated more than $47 billion to the Gates Foundation since pledging in 2006 to give away most of his Berkshire fortune. He said he now wants his three children to oversee distribution of his remaining shares by 2034. Buffett called Bill Gates’ ties to Jeffrey Epstein “distasteful” but said they did not drive the decision.
Day 2
Latest update · Jul 16Warren Buffett said Bill Gates’ ties to convicted sex offender Jeffrey Epstein were “distasteful” but did not drive his decision to end Berkshire Hathaway stock gifts to the Gates Foundation, saying instead that his three children are ready to give away his fortune. Buffett’s latest annual donation directed about $6 billion in Berkshire shares to four family-linked foundations, excluding the Gates Foundation after nearly two decades as a major recipient. The foundation has received more than $43 billion from Buffett since 2006, and he has said he aims to distribute all remaining Berkshire shares by 2034.
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