{"id":11345,"date":"2026-07-17T12:55:19","date_gmt":"2026-07-17T12:55:19","guid":{"rendered":"https:\/\/stock999.top\/?p=11345"},"modified":"2026-07-17T12:55:19","modified_gmt":"2026-07-17T12:55:19","slug":"warren-buffett-said-he-planned-to-be-a-philanthropist-before-he-was-wealthy","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=11345","title":{"rendered":"Warren Buffett said he planned to be a philanthropist before he was wealthy"},"content":{"rendered":"

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Berkshire Hathaway founder Warren Buffett was a philanthropist before he was a billionaire. Even before the famed investor was worth current estimates of $147 billion, the Oracle of Omaha planned to give away any money he accrued. <\/p>\n

Buffett said that in his 20s, when he met and later married his late wife, Susie, the pair never had grand plans to be wealthy and would donate whatever amounts they could afford. Speaking to CNBC, the 95-year-old said: \u201cSusie and I didn\u2019t really have any money, but we did know\u00a0that we intended to live fine and we intended to have a family. But we did not have aspirations of having six houses, or a 500-foot yacht, or anything of that sort.\u201d<\/p>\n

\u201cEven then, we talked about what we would do philanthropically.\u201d<\/p>\n

The premise of Buffett and his wife\u2019s endeavors was that the investor believed he would accrue interest faster than society in general, and Susie would \u201cgive it away better than 99.9% of\u00a0the people that were giving it away.\u201d <\/p>\n

Buffett said his first wife, who died in 2004 following a stroke, liked to become personally involved when gifting, whereas Buffett preferred a \u201cwholesale approach.\u201d \u00a0\u201cWe had a plan, but we didn\u2019t have any money,\u201d Buffett recalls.<\/p>\n

Following Susie\u2019s death, Buffett has held true to their plans. He formed the Giving Pledge in 2010 alongside Microsoft co-founder Bill Gates, and his ex-wife, philanthropist and businesswoman Melinda French Gates. The Giving Pledge aims to encourage high-net-worth individuals to engage in philanthropy earlier and to publicly pledge to use their wealth for the good of society. <\/p>\n

For nearly two decades, Buffett had channeled his donations via the Gates Foundation\u2014some $48 billion across 19 years. Earlier this week, Berkshire Hathaway confirmed Buffett was\u00a0donating a total of 12 million Class B Berkshire shares\u00a0to charitable organizations, worth just under $6 billion\u2014but none of it went to the Gates Foundation.<\/p>\n

Many believe the growing distance between Gates and Buffett stems from the tech entrepreneur\u2019s ties to disgraced financier Jeffrey Epstein. Buffett told CNBC that he had watched Gates\u2019s Congressional testimony earlier this year, calling the matter \u201cdistasteful.\u201d While Buffett said that while \u201cI\u00a0don\u2019t\u00a0know whether I\u2019ve done dumber things,\u201d he had made mistakes himself, explaining he had hired people and then found out later \u201cone way or another, they weren\u2019t what\u00a0I thought they were.\u201d \u00a0<\/p>\n

Buffett\u2019s children are wealth custodians<\/p>\n

Instead of continuing his work with Gates, Buffett has begun dispersing his wealth entirely through his children. This year, all of the shares designated for foundations are associated with, or run by, his family. The remainder of his $140 billion worth of Berkshire shares will be disbursed by 2034 to the organizations run by his family, he\u00a0announced\u00a0Tuesday.<\/p>\n

This transition was perhaps inevitable as his children aged, Buffett said, who added that his children are capable of achieving the aims set out by their parents. Buffett has three children, Howard, Peter and Susan. <\/p>\n

\u201cI tell the three children that it is theirs and it\u2019s their responsibility to get it done well,\u201d Buffett said. \u201cYou may find this hard to believe, but it\u2019s true, I never looked at their Form 990s, which they file. I\u2019m not judging each action as it takes place because you take actions where you think there\u2019s only a 10% or 20% probability of success. It\u2019s not like investment.\u201d <\/p>\n

Form 990 is an IRS tax form for nonprofits. <\/p>\n

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what\u2019s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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#Warren #Buffett #planned #philanthropist #wealthy<\/p>\n","protected":false},"excerpt":{"rendered":"

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