Buffett drops Gates Foundation from his annual donations

2 hours ago

Warren Buffett redirected nearly $6 billion in Berkshire Hathaway shares to family-related foundations instead of the Gates Foundation this year.
He paused donations to the Gates Foundation due to an ongoing review of its ties to Jeffrey Epstein.
Buffett resigned from the Gates Foundation board in 2021 but continued donating until this year.
He expressed hope that his children will dispose of all his Berkshire shares by December 31, 2034.
Berkshire Hathaway is valued at $1.1 trillion, with Buffett owning about 30%.
Buffett's past donations to the Gates Foundation totaled $36 billion by 2022.
His friendship with Bill Gates has strained due to Gates' relationship with Epstein.
Buffett stated he no longer speaks with Gates but does not regret past donations.
Gates has denied knowledge of Epstein's crimes and apologized for the association.
Buffett avoided discussing the scandal to prevent being called to testify under oath.

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