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Buffett announced a property arrangement of 148 billion dollars.
Warren Buffett stated in a letter to Berkshire shareholders that he will donate approximately $1.2 billion worth of Berkshire stocks to four family foundations. Buffett also mentioned that he believes his three children can handle the affairs related to his massive wealth donation after his passing.
As the "huge wealth transfer" of 84 trillion dollars arrives, Buffett gives his advice.
The global transfer of approximately 84 trillion dollars in wealth is approaching, and Buffett advocates not avoiding such unpleasant topics to prevent potential family conflicts.
Buffett published a long article! Donated another $1.1 billion in stocks, designated three charity trustees, opposing inherited wealth (full text attached).
Specifically, Buffett will convert 1,600 shares of Class A stock into 2,400,000 shares of Class B stock in order to donate the Class B shares to four family foundations controlled by his children. He also stated in the letter that, considering he is a white American male born in the 1930s, both in terms of geographic location and social status, he "had long" been certain that he would become wealthy.
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Buffett's new pizza investment: another value bet for junk food enthusiasts.
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