The next generation of Buffetts is poised to become one of the biggest forces in philanthropy
When the legendary businessman and leader of Berkshire Hathaway, Warren Buffett, eventually passes away, the next generation of Buffetts — Howard, Susie and Peter — are poised to become one of the most powerful forces in philanthropy
By THALIA BEATY and JOSH FUNK
Published - Sep 16, 2024, 05:27 PM ET
Last Updated - Dec 16, 2024, 07:12 PM EST
OMAHA, Neb. (AP) — The next generation of Buffetts — Howard, Susie and Peter — is poised to become one of the most powerful forces in philanthropy when their 94-year-old father, the legendary businessman and leader of Berkshire Hathaway, Warren Buffett, eventually passes away.
But it wasn't always going to be that way.
Buffett announced in June that he would donate his fortune, now valued at nearly $144 billion, to a charitable trust managed by his three children when he dies, instead of giving it to the Gates Foundation, as he indicated 18 years ago.
The next generation of Buffetts will then have 10 years to give the money away, Warren Buffett said.
