Warren Buffett Drops Gates Foundation From Donation Plan Over Epstein Links
Warren Buffett has excluded the Bill & Melinda Gates Foundation from his annual donation plan, shifting his focus to his family's foundations. This decision follows public disclosures regarding Bill Gates' past associations with Jeffrey Epstein.
Why it matters
The move marks a significant shift in the landscape of global philanthropy and highlights the impact of personal reputation on large-scale charitable partnerships.
Billionaire Warren Buffett omitted Bill Gates' foundation from his annual donations this year after disclosures of the Microsoft co-founder's ties to convicted sex offender Jeffrey Epstein. He will donate about $6 billion to four foundations connected to his own family, but did not mention Gates in his announcement Tuesday.Buffett also said in his statement that he wants all of his remaining Berkshire Hathaway stock worth more than $140 billion donated to charity by the end of 2034. Previously, the plan was for his three children to distribute his remaining fortune within 10 years of the 95-year-old investor's death."Of course, mortality is unpredictable, but my remaining shares will be donated to the four foundations one way or the other by December 31, 2034," Buffett said in a statement.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in