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Buffett redirects annual donations away from Gates Foundation amid Epstein disclosures
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Buffett redirects annual donations away from Gates Foundation amid Epstein disclosures
Warren Buffett has announced approximately $6 billion in charitable donations that exclude the Bill & Melinda Gates Foundation for the first time in nearly two decades.
- Buffett's statement on Tuesday announced stock donations to four foundations connected to his own family, omitting the Gates Foundation after disclosures of Bill Gates' ties to Jeffrey Epstein.
- Buffett said all of his remaining Berkshire Hathaway stock worth more than $140 billion will be donated to charity by December 31, 2034, accelerating an earlier plan.
- The majority of Buffett's charitable gifts, worth more than $61 billion, have gone to the Gates Foundation since 2006 prior to this year's change.
Latest developments
- In his Wednesday statement, Buffett said his donations will now bypass the Gates Foundation, weeks after Bill Gates testified before Congress about his ties to Jeffrey Epstein.
- Buffett disclosed that he has been selling Berkshire Hathaway shares and will accelerate the transfer of his remaining stock to family-linked foundations by 2034.
Coverage
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