Warren Buffett noted that donations to the Gates Foundation will cease after his demise|Javier|CC BY-NC-ND 2.0
Billionaire investor Warren Buffett, 93, gave a peek inside his will in a Wall Street Journal interview, according to which nearly all his wealth will go to a new charitable trust managed by his three children Susie (71), Howie (69) and Peter Buffett (66).
He also noted that donations to the Gates Foundation (formerly Bill & Melinda Gates Foundation), to which he has given more than $39 billion, will cease after his demise.
Buffett, who has already given away over half of his Berkshire Hathaway shares, now holds nearly $130 billion in the company’s stock.
The investment magnet says he has modified his will several times over the years, adapting to his children’s maturation.