The billionaire investor, who stepped down as CEO last year after six decades, currently holds over 99% of his net worth in company stock. His latest distribution involves 12 million Class B shares split among the Susan Thompson Buffett Foundation, the Sherwood Foundation, the Howard G. Buffett Foundation, and the NoVo Foundation. This allocation notably excludes the Bill & Melinda Gates Foundation, a departure from his two-decade-long practice of supporting the organization.
Buffett emphasized that mortality remains unpredictable, but he has structured a clear path for his children—Susan, Howard, and Peter—to manage the disbursements. He intends for the annual grants to these four entities to grow steadily over the next eight years. By accelerating the pace of his philanthropy, the legendary financier ensures that his heirs can oversee the distribution of his estate during their own lifetimes, effectively closing the chapter on his tenure at the helm of Berkshire Hathaway.
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