The 93-year-old philanthropist and businessman, who owns nearly $130,000 million (121,333 million euros) in Berkshire Hathaway shares, told the newspaper that his three children should unanimously decide what charitable purposes the money will be used for.
“I feel very good about the values of my three children and I trust 100% in the way they will do things,” Warren Buffett, tenth on the Forbes list of richest people, confirmed in an interview with the Wall Street Journal. It was published on Friday.
The millionaire has already donated more than half of his Berkshire shares.
Although billions from his empire went to the Bill and Melinda Gates Foundation, Buffett indicated to the newspaper that when he died, he would stop donating to this foundation.
From 2006 to 2023, Buffett donated $39.3 billion to the Gates Foundation, according to information available on his website.
Buffett said he did not give orders about what to do with his inheritance to his children, Susie, 71, Howie, 69, and Peter Buffett, 66.
“It should be used to help people who are not as fortunate as us. […]. There are 8 billion people in the world, and my children and I are among the luckiest 100% of the 1%. There are many ways to help people.”
Buffett noted that throughout his life he was able to think outside the box, but when he is buried, his children will be “from the rooftops” able to do a great job.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.