Warren Buffett changes his decision about his inheritance and harms Bill Gates

Warren Buffetwould have made a decision about his fortune that affects Bill Gates in the first person and in the worst of ways. It so happens that the American investor and businessman would have decided to have most of his $93.4 billion estate go to a little-known family foundation in support of abortion rights and not the Gates Foundation as expected.

For years, executives of the Gates Foundation they expected the billionaire to donate most of his shares at his company, Berkshire Hathaway, to the global organization after his death, and were discussing the best way to use the money, according to the Wall Street Journal.

In 2006, Buffett had declared that he would give 85% of his company’s shares to charity, with five-sixths of the shares going to the Gates Foundation. However, in recent days the Susan Thompson Buffett Foundation, named in honor of the deceased wife of the American tycoon, would have expanded its administrative staff in anticipation of a “massive influx of money”.

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According to the Wall Street Journal, Buffett promised to leave $56 billion to the Gates Foundation; $17.4 billion to four charities linked to the Buffett family (Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation); as well as an uncommitted sum of 18,700 million. Charity officials expect the Buffett family charity to receive between $70 billion and $100 billion.

It should be remembered that last June, Buffett has left his advisory position at the Bill & Melinda Gates Foundation.while announcing that, since 2006, he had donated $41.5 billion to charity, of which 32.7 billion were allocated to the foundation of the founder of Microsoft.

According to ‘The New York Post’, since its creation in 2000, the Gates Foundation, which has an endowment of some 50,000 million dollars, has distributed more than 60,000 million dollars in grants. It employs 1,800 people and funds work in the fields of health, gender and education in 134 countries.

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The Gates Foundation has been hit in recent years by the bitter divorce of its namesakes, caused in part by Bill Gates’ personal relationship with convicted pedophile Jeffrey Epsteinas well as for the revelations about his behavior with the employees of the foundation and Microsoft.

“I didn’t like that I was with Jeffrey Epstein, really. I made it clear to him,” she noted in March. Melinda French Gates on ‘CBS This Morning’, while declaring that their divorce “wasn’t a one-time thing or something specific that happened, it just got to a point where I realized it wasn’t healthy and I couldn’t trust it.” what we had.” In February, news broke that French Gates would have decided not to leave most of his fortuneestimated at 11,000 million dollars, to the charity she co-founded with her ex-husband.

MR / PC

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Warren Buffett changes his decision about his inheritance and harms Bill Gates