Warren Buffett is distributing an additional $1 billion of his fortune to his family’s foundations and has designated three potential successor trustees.
Category
🤖
TechTranscript
00:00Billionaire Warren Buffett just updated his will, and he still isn't giving away his fortune to his family.
00:05The Berkshire Hathaway CEO is adding another $1 billion to his family's foundations,
00:10and has appointed three potential successor trustees.
00:13He wants to distribute $1.5 million of company shares to the Susan Thompson Buffett Foundation, named for his late wife,
00:20and $300,000 to each of his children's foundations.
00:23The 94-year-old has been offloading his wealth since 2006 as part of his pledge to transfer 99% of his estate to philanthropic causes before his death.
00:33And as of Monday's announcement, he's given away 56.6% of his fortune.
00:38Buffett also appointed three potential successor trustees to guide the family's impact in the future, just in case his kids can't serve.