Billionaire Warren Buffett stops donations to Bill Gates charity
3 hours ago
- #Warren Buffett
- #Bill Gates
- #Philanthropy
- Warren Buffett has stopped donations to the Bill and Melinda Gates Foundation.
- Buffett's donations, previously committed annually since 2006, will now go to four foundations involving his family.
- The change follows Bill Gates' revealed links to Jeffrey Epstein, with Buffett noting he hasn't spoken to Gates since.
- Buffett has donated $47 billion to the Gates Foundation over 20 years, but plans to distribute his remaining shares by 2034.
- Gates testified about meeting Epstein in 2011 for potential fundraising, later expressing regret over the association.
- The Gates Foundation stated it remains financially strong, supported by Bill Gates' $200 billion commitment.
- The Giving Pledge, co-founded by Gates and Buffett in 2010, encourages the wealthy to donate most of their fortune.
- Melinda French Gates left the foundation in 2024, pledging $1 billion for women's rights in the U.S.