New York (EFE).- Investor Warren Buffett, one of the richest people on the planet, told The Wall Street Journal (WSJ) that when he dies he will leave his fortune to a new charitable foundation supervised by his children.
The 93-year-old, who owns nearly $130 billion in Berkshire Hathaway shares, told the outlet that his three children must unanimously decide what philanthropic purposes the money will be used for.
“I feel very, very good about the values of my three children and I trust 100% in how they will carry out things,” the tenth on Forbes’ list of richest people told the WSJ in an interview published on Friday.
Warren Buffett has already given away part of his fortune
The billionaire has already given away more than half of his Berkshire shares.
Although billions from his empire have gone to the Bill and Melinda Gates Foundation, Buffett told the newspaper that once he is dead he will stop donating to this foundation.
From 2006 to 2023, Buffett donated $39.3 billion to the Gates Foundation, according to his website.
Buffett said he has not given orders about what to do with his legacy to his children, Susie (71), Howie (69) and Peter Buffett (66).
“Helping people who have not been as lucky as us”
“It should be used to help people who have not been as lucky as us (…) There are 8 billion people in the world, and my children and I have been in the luckiest 100% of the 1%. There are many ways to help people,” she said.
Buffett noted that throughout his life he has been able to think outside the box, but once he is buried underground, his children “from the surface” will be able to do great work.
