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Warren Buffett explains why his kids, not the Gates Foundation, will now give away all his fortune

  • Buffett will cut the Gates Foundation out of his posthumous giving and leave decisions about his remaining Berkshire stock to his three children.
  • He called Bill Gates' ties to Jeffrey Epstein "distasteful" but said that wasn't the main reason for the move, likening it to ordinary mistakes in choosing people.
  • Buffett plans to accelerate his giving — aiming to distribute his Berkshire shares by 2034, which would require raising annual donations from roughly $6 billion now to over $17 billion.
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