Warren Buffett, CEO of Berkshire Hathaway. Rick Wilking/Reuters American investor Warren Buffett announced on Tuesday (14) that he stopped making donations to the Bill & Melinda Gates Foundation, after the release of information about the relationship between Microsoft co-founder Bill Gates and businessman Jeffrey Epstein, convicted of sexual crimes. Buffett said he will donate around US$6 billion (approximately R$30 billion) in shares in his company, Berkshire Hathaway, to four charities run by his sons and daughter. ??Do you have any reporting suggestions? Send to g1 Since 2006, Buffett allocated part of his Berkshire Hathaway shares to the Gates Foundation. Over this period, the institution received more than US$47 billion in company shares. In the statement released this Tuesday, Buffett did not directly mention Gates' foundation, but stated that his remaining shares will be donated to the four family foundations by December 31, 2034.
Warren Buffett stops donating to Bill Gates' foundation after revelations about connection with Jeffrey Epstein
Warren Buffett, CEO of Berkshire Hathaway. Rick Wilking/Reuters American investor Warren Buffett announced on Tuesday (14) that he stopped making donations to the Bill & Melinda Gates Foundation, after the release of...
“Of course, mortality is unpredictable, but my remaining shares will be donated to the four foundations in one form or another by that date,” Buffett said. The Gates Foundation did not immediately comment on the announcement. Gates says he regrets relationship with Epstein US Department of Justice released undated photo of Jeffrey Epstein with Bill Gates US Department of Justice Bill Gates' reputation was damaged after the US Department of Justice released documents about Epstein in February. The files included photos of Gates alongside the businessman and of women whose faces were hidden. Emails also showed communications between Epstein and foundation officials. In June, Gates told the US Congress that he “did not fully understand the extent” of Epstein's crimes when he maintained contact with the businessman, including in meetings about possible philanthropy projects. Gates, 70, has not been charged with any crime. He has stated several times that he regrets having had any relationship with Epstein, denied having spent time with victims of sexual abuse committed by Epstein and said that he never witnessed any criminal behavior from the businessman. Donations to family charities At age 95, Buffett has already donated more than half of the shares he owned in Berkshire Hathaway since he began the process of transferring his fortune in 2006. Before the new donations, he owned around 14% of Berkshire shares and had an estimated fortune of US$147 billion, according to Forbes magazine. In this donation, Buffett is committing: 9 million Berkshire shares to the Susan Thompson Buffett Foundation; 1 million shares for each of the following institutions: Howard G. Buffett Foundation, Sherwood Foundation and NoVo Foundation. He stated that his goal is for donation amounts to increase every year and for contributions to the Susan Thompson Buffett Foundation to grow at a slightly greater pace. Susie Buffett leads the Susan Thompson Buffett Foundation, which funds projects related to reproductive health. The institution was named after her mother, Warren Buffett's first wife. The Sherwood Foundation supports Nebraska nonprofits and early childhood education projects. The Howard G. Buffett Foundation works to combat world hunger, combat human trafficking and reduce conflicts. The NoVo Foundation develops initiatives aimed at girls and women in vulnerable situations and indigenous communities.
