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☆ Warren Buffett wants his children to give away his $130 billion fortune. Does that set up a 'Succession'-style fight?
▼ + stars: | 2024-07-11 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Looking at their individual organizations, the Buffett children could make for some strange charitable bedfellows once their father dies. AdvertisementWhat the Buffett children do nowSusie runs the Sherwood Foundation, which has given more than $1 billion to build equity in her native Nebraska across social justice, education, and healthcare. Howard Buffett is set to take the reins as Berkshire Hathaway non-executive chairman when his father Warren Buffett steps down. Leigh Vogel/Getty ImagesHowie, the middle Buffett, focuses his time on food security, as well as conflict mitigation and combatting human trafficking, through his Howard G. Buffett Foundation. Harold, the nonprofit expert, said the worldviews of the Buffett children should serve them well.

Persons: —, Warren Buffett, haven't, Buffett, Susan, Howard, Peter —, Susie, Peter didn't, Howie, Jacob Harold, Susan Thompson Buffett, Howard Buffett, Berkshire Hathaway, Leigh Vogel, Howard G, he's, He's, Peter, Buffett's, we've, Harold, Harry, Leona Helmsley Organizations: Service, Bloomberg, Business, Wall Street Journal, Sherwood Foundation, Susan Thompson Buffett Foundation, University of Nebraska, Inc, Democrats, Democratic, Berkshire, Buffett, Buffett Foundation, NoVo Foundation Locations: Omaha, Nebraska, Ukraine, Kingston , NY, Israel, Saharan Africa

☆ Stocks surged during the first half of 2024. What’s next?
▼ + stars: | 2024-07-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

Much of the S&P 500’s gains were concentrated in the Magnificent Seven big tech names, while other stocks lagged behind. Coming into this year, Wall Street projected that the Fed would ease rates as many as six times in 2024. What could be in store for the stock market during the second half of 2024? “I feel very, very good about the values of my three children, and I have 100% trust in how they will carry things out,” Buffett told the Journal. Previously, Buffett had said his will stated that more than 99% of his estate was earmarked for philanthropic usage to the Bill & Melinda Gates Foundation and the four charities connected to his family: the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation.

Persons: there’s, Bell, Kevin Gordon, Charles Schwab, you’ve, It’s, we’re, it’s, I’d, That’s, Warren Buffett, Buffett, Berkshire Hathaway, Melinda Gates, ” Buffett, Susan Thompson Buffett, Howard G, Read, Matt Egan, unstuck, —, Michael Gapen Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, Nvidia, Federal Reserve, Wall, Fed, Berkshire, Wall Street, Melinda Gates Foundation, Gates, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Gates Foundation, Bank of America, CNN Locations: New York, America

☆ Warren Buffett has finally revealed what will happen to his money after he dies
▼ + stars: | 2024-06-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

“The Gates Foundation has no money coming after my death,” Buffett told the Journal. Previously, Buffett had said his will stated that more than 99% of his estate was earmarked for philanthropic usage to the Bill & Melinda Gates Foundation and the four charities connected to his family: the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation. Berkshire Hathaway on Friday said that Buffett is converting roughly 9,000 Class A shares into more than 13 million Class B shares. About 9.3 million shares will go to the Bill & Melinda Gates Foundation Trust, with the rest split among the four Buffett family charities. Following the newly announced donations, Buffett owns 207,963 Berkshire Hathaway Class A shares and 2,586 Class B shares, the company said.

Persons: New York CNN — Warren Buffett, Buffett, Berkshire Hathaway, Melinda Gates, ” Buffett, Susan Thompson Buffett, Howard G, “ Warren Buffett, ” Mark Suzman, “, ”, Melinda Organizations: New, New York CNN, Berkshire, Wall Street, Melinda Gates Foundation, Gates, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Gates Foundation, Melinda Gates Foundation Trust, CNN, Berkshire Hathaway Locations: New York

☆ Warren Buffett says he'll put his $130 billion fortune into a charitable trust run by his children after he dies
▼ + stars: | 2024-06-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Warren Buffett's vast fortune will go into a charitable trust when he dies, the billionaire told The Wall Street Journal. Susie Buffett chairs the education and social justice-oriented Sherwood Foundation, and the Susan Thompson Buffett Foundation, focused on reproductive rights. Howie Buffett heads the Howard G. Buffett Foundation, which is involved in food security and the mitigation of conflict and human trafficking. Since 2006, the 93-year-old billionaire has already been contributing to the four foundations run by his children, as well as to the Bill & Melinda Gates Foundation Trust. Until 2021, he served as a trustee of the Gates Foundation.

Persons: Warren, —, Warren Buffett, Berkshire Hathaway, Susie, Howie, Peter Buffett, Susie Buffett, Susan Thompson Buffett, Howie Buffett, Howard G, I'm, Buffett, Melinda Gates Organizations: Wall Street, Gates, Service, Sherwood Foundation, Susan Thompson Buffett Foundation, Buffett Foundation, NoVo Foundation, Melinda Gates Foundation Trust, Gates Foundation, Berkshire Locations: Berkshire

☆ Warren Buffett celebrates Thanksgiving with a nearly $900 million gift - and details what will happen to his fortune after his death
▼ + stars: | 2023-11-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Warren Buffett has made giving away Berkshire Hathaway stock a Thanksgiving tradition. He just donated $866 million worth of shares to his family's foundations, echoing last year's gift. Buffett discussed wealth and philanthropy, and revealed fresh details about his estate planning. The famed investor donated close to $900 million worth of his company's stock to four of his family's foundations on Tuesday, topping his nearly $800 million gift last November. He gave 1.5 million B shares to The Susan Thompson Buffett Foundation, named after his late wife, and 300,000 shares to each of his three children's organizations: The Sherwood Foundation, The Howard G. Buffett Foundation, and NoVo Foundation.

Persons: Warren Buffett, Buffett, —, Warren Buffett's, Susan Thompson Buffett, Howard G, Melinda Gates, — Howard, Susan, Peter —, Greg Abel Organizations: Berkshire Hathaway, Service, Berkshire Hathaway's, Susan Thompson Buffett Foundation, The Sherwood Foundation, Buffett Foundation, NoVo Foundation, Melinda Gates Foundation, Berkshire Locations: Berkshire

☆ Warren Buffett, 93, donates more Berkshire stock, assures 'I feel good'
▼ + stars: | 2023-11-21 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. In a regulatory filing, Berkshire said Buffett donated 1.5 million Class B shares of Berkshire to the Susan Thompson Buffett Foundation. The donations supplement the $759 million of Berkshire stock that Buffett donated to the charities at this time last year, also just before the U.S. Thanksgiving Day holiday. Greg Abel, 61, a Berkshire vice chairman, is slated to succeed Buffett as Berkshire's CEO, while Howard Buffett would become non-executive chairman. The Howard G. Buffett Foundation focuses on alleviating hunger, mitigating conflicts, combating human trafficking and improving public safety.

Persons: Warren Buffett, Scott Morgan, Berkshire Hathaway, Buffett, Susan Thompson Buffett, Howard, Susan, Peter, Howard G, Greg Abel, Howard Buffett, Melinda Gates, Bhanvi, Jonathan Stempel, Arun Koyyur, Lisa Shumaker, David Gregorio, Shri Organizations: Berkshire Hathaway, REUTERS, Berkshire, Susan Thompson Buffett Foundation, Buffett Foundation, Sherwood Foundation, NoVo Foundation, Forbes, Melinda Gates Foundation, Gates Foundation, Apple, Thomson Locations: Omaha , Nebraska, U.S, Berkshire, Nebraska, Bengaluru, New York

☆ Warren Buffett makes big donation before Thanksgiving, assures shareholders Berkshire is built to last
▼ + stars: | 2023-11-21 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska, May 5, 2019. Warren Buffett donated more than $870 million in Berkshire Hathaway stock to four family foundations before Thanksgiving, assuring investors in a letter that the conglomerate is "built to last." The 93-year-old legendary investor donated 1.5 million Class B shares of his conglomerate to the Susan Thompson Buffett Foundation, named for his first wife. He also gave 300,000 Class B shares to each of the three foundations run by his children: the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation. The "Oracle of Omaha" pledged to give away the fortune he built at Berkshire, the Omaha-based conglomerate he started running since 1965.

Persons: Warren Buffett, Berkshire Hathaway, Susan Thompson Buffett, Howard G, Buffett, Greg Abel, he's Organizations: Berkshire, Berkshire Hathaway, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Oracle, BNSF Railway, Apple Locations: Omaha , Nebraska, Berkshire Hathaway, Omaha, Berkshire, United States

☆ Warren Buffett's charitable giving tops $51 billion
▼ + stars: | 2023-06-22 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

June 22 (Reuters) - Warren Buffett has donated another $4.64 billion of Berkshire Hathaway (BRKa.N) stock to five charities, boosting his total giving since 2006 to more than $51 billion. Buffett is donating 10.45 million shares to the Bill & Melinda Gates Foundation, which has received more than $39 billion of Berkshire stock overall. He still owned more than $112.5 billion, or about 15%, of Berkshire shares following Wednesday's donations. The Susan Thompson Buffett Foundation works in reproductive health. The Howard G. Buffett Foundation focuses on alleviating hunger, mitigating conflicts and improving public safety.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, Melinda Gates, Susan Thompson Buffett, Howard, Susan, Peter, Howard G, Bill Gates, Michael Bloomberg, Larry Ellison, Carl Icahn, Elon Musk, Mark Zuckerberg, Jonathan Stempel Organizations: Melinda Gates Foundation, Susan Thompson Buffett Foundation, Buffett Foundation, Sherwood Foundation, NoVo Foundation, BNSF, Apple Inc, Thomson Locations: Berkshire, Omaha , Nebraska, United States, Nebraska, New York

☆ Warren Buffett just donated about $5 billion of Berkshire Hathaway shares - and has now given up 54% of his stockpile
▼ + stars: | 2023-06-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Buffett would likely be worth an unmatched $250 billion if he hadn't donated any shares. Tally up the shares he's given away over the past 17 years, and they would be worth an astounding $132 billion today. He gave about 10.5 million of those shares to the Bill & Melinda Gates Foundation, just over 1 million shares to the Susan Thompson Buffett Foundation, and about 732,000 shares to each of the Sherwood Foundation, Howard G. Buffett Foundation, and Novo Foundation. The Susan Thompson Buffett Foundation is named after Buffett's late wife, while Buffett's three children each run one of the other three foundations. Buffett has given away 54% of his Berkshire shares so far, and has pledged that over 99% of his personal wealth will go toward good causes.

Persons: Warren Buffett, Buffett, hadn't, —, Tally, Melinda Gates, Susan Thompson Buffett, Howard G, Bill Gates, Buffett's, He's, hasn't, Elon Musk, he's Organizations: Berkshire Hathaway, Service, Berkshire, Melinda Gates Foundation, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, Novo Foundation, Microsoft, SpaceX, Bloomberg Locations: Berkshire

☆ Warren Buffett's charitable giving exceeds $50 billion, more than his entire net worth in 2006
▼ + stars: | 2023-06-22 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett has made another annual donation to five foundations, boosting his total charitable giving to more than $50 billion — significantly higher than his entire net worth in 2006 when he first scheduled the grants. The 92-year-old legendary investor said Thursday he has converted over 9,000 Berkshire Class A shares into B shares in order to donate 13.7 million B shares to five foundations. "During the following 17 years, I have neither bought nor sold any A or B shares nor do I intend to do so. The five foundations have received Berkshire B shares that had a value when received of about $50 billion, substantially more than my entire net worth in 2006," Buffett said. "I have no debts and my remaining A shares are worth about $112 billion, well over 99% of my net worth."

Persons: Warren Buffett, Berkshire Hathaway, Melinda Gates, Susan Thompson Buffett, Howard G, Buffett Organizations: Berkshire, Berkshire Hathaway, Melinda Gates Foundation Trust, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Oracle, Melinda Gates Foundation, Berkshire B Locations: Omaha , Nebraska, Omaha, Berkshire

☆ Warren Buffett explains his $750 million charitable donation on Thanksgiving eve
▼ + stars: | 2022-11-25 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

"I've got a personal pride in how my kids turned out," Buffett told CNBC's Becky Quick. This is the ultimate endorsement in my kids, and it's the ultimate statement that my kids don't want to be dynastically wealthy." The 92-year-old investor donated 1.5 million Class B shares of his conglomerate to the Susan Thompson Buffett Foundation, named for his first wife. He also gave 300,000 Class B shares apiece to the three foundations run by his children: the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation. In June, he gave 11 million Class B shares to the Gates Foundation, 1.1 million B shares to the Susan Thompson Buffett Foundation and 770,218 shares apiece to his children's three foundations.

☆ Berkshire Hathaway says Warren Buffett donates shares to family charities
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +2 min

Nov 23 (Reuters) - Berkshire Hathaway Inc (BRKa.N) said Warren Buffett has donated more of his fortune to four family charities, without disclosing whether the billionaire chairman made a new donation to the Bill & Melinda Gates Foundation. Buffett donated 1.5 million shares to the Susan Thompson Buffett Foundation. Another 900,000 shares were split evenly among charities run by his children Howard, Susan and Peter: the Howard G. Buffett Foundation, the Sherwood Foundation and the Novo Foundation. Buffett has since 2006 donated more than half of his Berkshire shares, worth more than $46 billion at the time of the donations. According the Buffett family foundation websites, the Howard G. Buffett Foundation works to alleviate hunger, mitigate conflicts and improve public safety around the world.

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