Buffett: Gates knew foundation funds would stop, admits Epstein error, trusts kids with fortune
Warren Buffett has officially ended his long-standing philanthropic donations to the Bill & Melinda Gates Foundation as part of a restructuring of his estate plans. While he acknowledged Bill Gates' association with Jeffrey Epstein was distasteful, he clarified that the decision was based on personal estate planning rather than a fallout from the controversy.
Why it matters
This marks a significant shift in global philanthropy, as Buffett was one of the largest donors to the Gates Foundation, which influences global health and development initiatives.
Warren Buffett has confirmed that the Bill & Melinda Gates Foundation will no longer receive any future donations from him, ending a philanthropic partnership that lasted more than two decades. The 95-year-old Berkshire Hathaway chairman said the decision was part of a broader review of his estate plans and not a reflection of his personal friendship with Bill Gates.Speaking in an interview with CNBC, Buffett said Gates was aware of the decision and that the two remain close friends despite recent public scrutiny surrounding Gates.For the first time in 21 years, the Gates Foundation was absent from Buffett's annual list of charitable donations.
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