Warren Buffett says he'll donate his entire Berkshire fortune 'one way or another' by 2034
Warren Buffett has announced plans to donate his entire remaining fortune to his family's foundations by 2034. The Berkshire Hathaway chairman has shifted his philanthropic strategy, notably excluding the Gates Foundation from his latest round of donations.
Why it matters
As one of the world's wealthiest individuals, Buffett's philanthropic decisions significantly impact the global non-profit sector and wealth distribution trends.
Warren Buffett is the chairman of Berkshire Hathaway. Johannes EISELE / AFP via Getty Images Warren Buffett intends to donate all of his Berkshire Hathaway stock by 2034. Buffett said he wants his three children to distribute his nearly $150 billion fortune. He announced his latest summer gift of $6 billion, with none going to the Gates Foundation. Warren Buffett plans to donate virtually all of his remaining wealth by 2034. The famed investor and Berkshire Hathaway chairman, who turns 96 next month and holds more than 99% of his net worth in his company's stock, shared his target in a news release on Tuesday. "My goal is to dispose of all of my Berkshire shares within about eight years," Buffett wrote. He currently owns nearly $150 billion worth of Berkshire stock, including $6 billion of shares he intends to donate to four of his family's foundations.
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