Warren Buffett’s Son Reacts to Dad’s Plan for His Fortune That They’ll Have to Give Away Within 10 Years of His Death Instead.
The 94-year-old chairman and CEO of Berkshire Hathaway has changed his mind about what will happen to his wealth after his death. Now, the Nebraska businessman will donate his fortune, estimated to be $143.1 billion, to a charitable trust after his death, according to the Associated Press
He will donate his fortune, estimated to be $143.1 billion based on Forbes data, to a charitable trust after his death, according to the Associated Press. His three adult children — Howard, 69, Susie, 71, and Peter, 66 — will be in charge of the trust and have 10 years to allocate the money to charities of their choice.Warren Buffett’s kids have quite the financial task ahead of them and the billionaire’s middle child admits it will be a “not so easy responsibility.
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