Business
Buffett redirects annual donations away from Gates Foundation amid Epstein disclosures
Synthesized from2 sources
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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