Billionaire Warren Buffett to Pass on Billions to Children’s Foundation, Bypassing Gates
Omaha, Nebraska – Warren Buffett, the billionaire chief executive of Berkshire Hathaway, announced on Friday his intention to donate the majority of his wealth to a new foundation led by his three children upon his passing. This decision marks a departure from his longstanding practice of donating to the Bill & Melinda Gates Foundation. Buffett, who will turn 94 in August, revealed that he holds about $130 billion worth of Berkshire stock. He confirmed that …