Warren Buffett, a renowned investor and philanthropist, is reassessing his plan to give away his massive fortune. Despite being one of the world’s richest people, with a net worth of around $150 billion, Buffett now plans to distribute most of his wealth through his three children’s charitable foundations.
Buffett, who has long been known for his commitment to philanthropy, is handing over approximately $500 million each year to his children’s organizations. He also announced new gifts, including $750 million to his late wife’s foundation, which provides scholarships to Nebraska college students.
The billionaire investor believes his children are now at their prime in terms of experience and wisdom, making them well-equipped to manage his fortune. However, he recognizes that his own longevity is accelerating the need to act.
Buffett’s decision raises questions about the future of The Giving Pledge, a philanthropic commitment co-founded by him with Bill Gates and Melinda French Gates in 2010. Despite signing on over 256 billionaires, only nine have followed through on giving away half their wealth.
The shift in Buffett’s approach highlights the challenges faced by many billionaires in balancing their philanthropic ambitions with the demands of growing wealth. While some, like MacKenzie Scott, prioritize rapid large-scale giving, others, such as Elon Musk, have been less vocal or generous about their charitable commitments.
Source: https://fortune.com/2025/11/11/warren-buffett-billionaire-philantrophy-giving-pledge-not-feasible-new-plans-for-children-wealth-distribution