alt Hacker NewsI thought he was giving away 99% of his wealth?
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Probably in a charitable trust that will be managed by the family. With the trust owning the shares.
1% of $140 billion is still $1.4 billion.
Still leaves an absurd amount of wealth to manage.
That’s now in limbo
https://www.yahoo.com/news/politics/articles/warren-buffett-...
Most of them seemingly have control problems where even if they do, it is in the form of a giant money pile still under their control that they give away the returns of, usually also completely under their control.
He has. His family manages the foundation that owns BRK stock.
Still leaves $1.5b, that's a hell of an income if you stick it in any widespread passive fund, and still 100 times more than even the 1% mark in the US.
Yes the Billionaires pledge...a masterpiece of public relations...or he could have have paid more taxes than his Secretary...but he never did...
he is giving 99% to the buffet family foundation ofc
Rich people donate for tax and the ultra-rich donate without actually donating it :)