Warren Buffett, one of the emblematic figures of the business world and renowned philanthropist, recently made a decision which will mark the future of his colossal fortune estimated at 130 billion dollars. At age 93, he revised his will, shaking up the expectations of the public and the international philanthropic community.
For decades, Warren Buffett has made a name for itself not only through its dazzling successes on the financial markets, but also through its unwavering commitment to philanthropy. Its partnership with the foundation Bill & Melinda Gates was until recently seen as the logical epilogue of his career, a total commitment to dedicating his fortune to humanitarian causes around the world. However, a recent statement to Wall Street Journal revealed a radical change in his intentions.
Instead of leaving his entire wealth to the Gates Foundation, Buffett decided to create a new charitable entity, run by his three children. Howard Graham Buffett, Susan Alice Buffett et Peter Andrew Buffett. This decision marks a significant turning point, showing a deep confidence in the values and ability of his children to perpetuate his philanthropic legacy.
In his own words, Buffett expresses deep satisfaction with the choices of his children, emphasizing that they will have the exclusive power to decide on the allocation of this immense fortune. The goal remains unchanged: to use this wealth to help those who have not had the same opportunities in life, a central value that has guided his entire life and his philanthropic choices.
Although his decision may seem surprising to some, Warren Buffett is not abandoning his support for causes close to his heart during his lifetime. He continues to power the Gates Foundation and other philanthropic initiatives he has supported throughout his career. This transition to a new foundation marks a natural evolution of its commitment, reflecting its long-term vision and its desire to see its impact endure through future generations.
