From CNBC: 2024-06-28 10:07:36

Warren Buffett made his largest charity donation yet, giving $5.3 billion in Berkshire Hathaway shares to five charities. The “Oracle of Omaha” aims to give away his fortune, over $130 billion in shares. His wealth will go to a new charitable trust managed by his three children after his death.

Buffett clarified in an interview with The Wall Street Journal that his wealth will benefit those less fortunate. His children will manage the charitable trust after his passing, with the Bill & Melinda Gates Foundation no longer receiving donations. Buffett’s will, including this plan, will be made public after his death.

At Berkshire’s annual meeting, Buffett discussed his mortality and potential successor Greg Abel. Buffett has been reflecting on aging and the future without him at the helm. With a focus on philanthropy, Buffett plans for his wealth to continue making a positive impact after he’s gone.

Read more: Buffett donates another $5.3 billion, says his children will run estate