On June 28, local time, Warren Buffett, known as the "God of Stocks", spoke out for a long time, and he announced his latest will to the Wall Street Journal, which also let the outside world know how the $130 billion (about 944.8 billion) assets will be arranged when he dies.
According to reports, on the morning of the 28th, Buffett made the latest round of charitable donations, after which he still holds nearly $130 billion worth of company stock. In fact, the activist has sold more than half of the shares of Berkshire Hathaway, a multinational holding company he controlled in 1965.
Berkshire Hathway, the 93-year-old chairman and chief executive, said that after his death, almost all of his wealth would be invested in a charitable trust, which his daughter and two sons oversee together. However, the billionaire did not specify how his children should spend the money, but only told them his "philosophy of giving back".
Warren Buffett, who lives in an ordinary single-family home in Omaha, Nebraska, said, "This money should be used to help people who are not as lucky as us." "There are 8 billion people in the world, and my children and I are the luckiest of those 1%. There are many ways to help people. ”
Warren Buffett's daughter, Susan, is 71 years old and the oldest child in the family. Like her father, she lives in Omaha and serves as president of the Sherwood Foundation, which advocates for children's education and social justice. Susie also serves as chair of the Susan Thompson Buffett Foundation, which works to support reproductive rights and provides college scholarships.
The eldest son, Howard, 69, lives in Illinois, where he farms and leads the "Howard Bush" The G. Buffett Foundation", which works for food security, conflict mitigation, and curbing human trafficking. And both Howard and his sister serve on Berkshire's board of directors.
Peter, a 66-year-old young son who lives in New York and is a composer who co-leads the NoVo Foundation with his wife, Jennifer, is dedicated to serving Indigenous communities.
Buffett proudly stated: "I am very happy with the values of my three children, and I am 100% confident that they will achieve their goals. ”
Warren Buffett believes that his children will have a clear advantage over him in deciding how best to use his property. "I like to think that I can think outside the box, but I'm not sure if I'll be able to think outside the box and do better than the three people I trust completely when faced with a tough problem."
In addition, Buffett also specifically mentioned one thing, that is, when he dies, his wealth will stop flowing to Bill Gates's foundation, "After I die, the Gates Foundation will no longer have money."
Warren Buffett had promised to donate to the Gates Foundation every year (originally jointly managed by the Gates, even after the divorce, Melinda, who was his ex-wife not long ago, quit and she set up her own foundation), even after his death, but this decision was removed from the revised will, and he will not continue to donate to the four foundations owned by his three children, and he decided to make his current will after "seeing the children mature over the years".