"People "love to feed on" shows like "Succession" that feature wealthy siblings squabbling and having problems with each other, Peter said in a CNBC interview aired Tuesday night as part of a two-hour special titled: " Warren Buffett: A Life and Legacy." But the Buffetts had "no trappings or any of that growing up, so we're just not, we're not that," he said."
"Buffett revealed in June 2024 that he would put virtually all of his roughly $150 billion worth of Berkshire Hathaway shares into a trust, and task his three kids with giving the wealth away. He said the trio, who already run their own foundations, would have to unanimously agree on how the money is distributed. Buffett announced last November that he would accelerate his giving in the hope that his kids, now in their 60s and 70s, can disburse his wealth during their lifetimes."
Warren Buffett will put roughly $150 billion of Berkshire Hathaway shares into a trust and assign his three children—Howard, Susan, and Peter Buffett—the responsibility of distributing the wealth. The trustees must unanimously agree on distributions, and each child already operates a foundation. Buffett accelerated his giving last November to increase the chance that the siblings, now in their 60s and 70s, can disburse the funds during their lifetimes. The siblings describe a modest upbringing without trappings, expect little familial drama, and anticipate making large grants, including writing checks to governments and institutions despite some reservations.
Read at Business Insider
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