NEW YORK (EFE).— American investor Warren Buffett, one of the richest people on the planet, told The Wall Street Journal (WSJ) that when he dies he will leave his fortune to a new charitable foundation overseen by his children.
The 93-year-old, who owns nearly $130 billion in Berkshire Hathaway stock, told the outlet that his three children should unanimously decide what philanthropic purposes the money will go toward.
“I feel very, very good regarding the values of my three children and I have 100% confidence in how they will carry things out,” the tenth on the Forbes list of richest people told the WSJ in an interview published last Friday.
The billionaire has already given away more than half of his Berkshire shares.
Although billions from his empire have gone to the Bill and Melinda Gates Foundation, the tycoon told the newspaper that once he is dead he will stop donating to the foundation.
From 2006 to 2023, Buffett donated $39.3 billion to the Gates Foundation, according to his website.
He said he has not given any instructions on what to do with his legacy to his children, Susie (71), Howie (69) and Peter Buffett (66).
“It should be used to help people who have not been as fortunate as us… There are 8 billion people in the world, and my children and I have been in the top 100% of the 1%. There are many ways to help people,” said the American businessman.
Buffett noted that he has been able to think outside the box all his life, but once he is underground, his children above ground will be able to do a lot of altruistic work.
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2024-07-13 00:11:42