Warren Buffett has provided a preview of his will, revealing that his remaining Class A shares in Berkshire Hathaway will be placed into a foundation managed by his children. This move aims to ensure voting control over Berkshire's future. Additionally, Buffett disclosed that about $600 million of his wealth is not in Berkshire Hathaway stock. He also shared that more than 99% of his estate, valued at approximately $130 billion, is destined for philanthropic purposes.
‘Nothing extraordinary has occurred at Berkshire; a very long runway, simple but generally sound capital deployment, the American tailwind and compounding effects produced my current wealth. My will provides that more than 99% of my estate is destined for philanthropic usage.’… https://t.co/hgWAXonsJj
What Will Happen To Warren Buffet's Wealth After His Death? Tycoon's BIG REVELATION #warrenbuffet #stockmarket #gatesfoundation #donation #charity https://t.co/BLKqapqcw7
Warren Buffett's checklist: https://t.co/Wha7HNEpKv
Warren Buffett offers glimpse into will - here's how he plans to use $130 billion fortune for good https://t.co/A56jQpuEbM https://t.co/BgbQ3cMNhs
Warren Buffett reveals about $600 million of his wealth isn't in Berkshire Hathaway stock https://t.co/P3drdf36KM
I wonder how Buiffett's stock picks performed vs. the markets in the past few years. Berkshire doesn't really put out this information, though probably easy to estimate.
As I have written about many times, Berkshire’s future depends on voting control. With the news that Buffett’s remaining Class A shares will go into a foundation managed by his children, we have a bit more clarity. I hope his kids rise to the occasion in the years to come. $BRKA
$BRK.A $BRK.B - Warren Buffett gives us a preview of his will https://t.co/yw4EDNVAb0 via @WSJ