"Warren Buffett -long known as one of the world's most successful investors and committed philanthropists-is rethinking how his fortune will be spent. Though he no longer holds the title of world's richest man, Buffett's net worth sits around $150 billion, according to Bloomberg's Billionaires Index. And at 95, he's acknowledging that some of his earlier ambitions for giving that wealth away haven't gone as planned."
"Instead of a single sweeping plan, Buffett said he's handing over most of his remaining wealth to his three children's charitable foundations, allowing them to distribute about $500 million each year. He detailed a new round of gifts on Monday, including: $750 million worth of stock to his late wife's organization, The Susan Thompson Buffett Foundation-which provides scholarships to Nebraska college students. $250 million worth of stock to each of his children's organizations:"
At age 95 with an estimated net worth near $150 billion, Warren Buffett is revising his philanthropic approach and accelerating lifetime transfers. Buffett plans to hand most remaining wealth to his three children's charitable foundations, enabling distributions of about $500 million per year. Recent gifts include $750 million to The Susan Thompson Buffett Foundation and $250 million to each child's organization: Sherwood (Nebraska community improvement), the Howard G. Buffett Foundation (food security, conflict mitigation, anti‑human trafficking), and NoVo (support for historically marginalized communities). Buffett cited impractical earlier plans and concerns about ill‑conceived wealth transfers, and emphasized urgency given his longevity.
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