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The Economic Times

Akash Podishetti

Warren Buffett plans to donate entire Berkshire Hathaway stake by 2034

Berkshire Warren Buffett Jeffrey Epstein Bill Gates The Gates Foundation Berkshire Hathaway the Susan Thompson Buffett Foundation

Warren Buffett plans to dispose of his entire Berkshire Hathaway stake within about eight years through donations to four charitable foundations, Bloomberg reported on Tuesday. The 95-year-old Berkshire chairman said he hopes his three children will complete the disposal of his shares by December 31, 2034.

Buffett converted 8,000 Class A shares into 12 million Class B shares for donation. The Sherwood Foundation, Howard G Buffett Foundation and NoVo Foundation will each receive 1 million shares, while the Susan Thompson Buffett Foundation will receive 9 million shares.

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