Bill Gates' Foundation Snubbed by Warren Buffett for First Time in 20 Years; Buffett to Offload Entire $140 Billion Berkshire Stake by 2034

Warren Buffett has changed his philanthropic strategy, for the first time in 20 years not donating Berkshire Hathaway shares to the Bill & Melinda Gates Foundation. Instead, he will donate his remaining $140 billion stake to foundations run by his children, a process expected to conclude by 2034 unless he dies sooner. The shift is attributed to Buffett distancing himself from Bill Gates amid the Epstein scandal. The article notes that Buffett's children could potentially push Berkshire Hathaway to start paying dividends to support their foundations' philanthropic work, drawing parallels to the Hormel and Hershey foundations. Berkshire's market cap is approximately $1.05 trillion, with Buffett controlling about 13% of the company.

First published Aug 4, 01:54 PM UTCUpdated Jul 19, 03:35 PM UTC1 reports · 1 sources

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Bill Gates' Foundation Snubbed by Warren Buffett for First Time in 20 Years; Buffett to Offload Entire $140 Billion Berkshire Stake by 2034

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Bill Gates' Foundation Snubbed by Warren Buffett for First Time in 20 Years; Buffett to Offload Entire $140 Billion Berkshire Stake by 2034Yahoo FinanceWesternJul 19, 03:35 PM UTC

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