Warren Buffett confirmed on Friday that he planned to donate the vast majority of his wealth to a new foundation led by his three children when he dies, ending a long history of donating to the Bill & Melinda Gates Foundation.
The billionaire chief executive of Berkshire Hathaway reiterated to The Wall Street Journal that his children Susie, Howard and Peter Buffett would be the trustees of the new foundation, which will receive one of the largest wealth infusions of all time when he passes.
Buffett, who turns 94 in August, disclosed he held roughly $130bn of Berkshire stock on Friday.
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