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.