Buffett's Billion-Dollar Gift Shift | Irvine News

Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews Warren Buffett is accelerating his plan to donate his entire $146 billion Berkshire Hathaway fortune—scheduled for full handover by December 31, 2034—shifting from his original ten-year timeline for his kids to manage. He’ll distribute shares to four foundations, with his children’s foundations receiving slightly more than the Susan Thompson Buffett Foundation. This change follows his earlier decision to stop funding the Gates Foundation posthumously, though Gates has already received over $61 billion from Buffett since 2006. Buffett also reflects on his cooled relationship with Gates, citing the Epstein scandal as a wake-up call to the dangers of unchecked power and manipulation. After stepping down as CEO after 60 years, Buffett retains his chairman role and largest shareholder position, while Greg Abel takes the helm as new CEO. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f41fef2f61510b8f