Warren Buffett has warned that his support of the Bill and Melinda Gates Foundation could end in ruins

in interview With the Wall Street Journal The 93-year-old philanthropist said his will included no further explicit pledges to donate to the organization after his passing. So far there has been no concrete indication of what might happen to his fortune in the event of his death.

“The Gates Foundation has no money coming in after I die,” said Buffett, whose longtime Berkshire Hathaway business partner, Charlie Munger, died at age 99 late last year.

Buffett explained that all of his remaining wealth – currently worth about $127 billion – which he had not given up until that time, would be bequeathed to a charitable fund overseen by his three children: Howard, Susie, and Peter.

Although this does not in itself rule out the possibility of making future donations to the Gates Foundation, Buffett said they will have to make a unanimous decision on how to spend his billions after he is gone.

“I feel very comfortable with the values ​​of my three children,” he told magazine, “I have 100% confidence in the way they will do things.”

Buffett, whose will became public upon his death, first I drew a plan of what would happen to his fortune in November, with the three named as executors and trustees.

“They were not fully prepared for this enormous responsibility in 2006, but they are now,” he said at the time.

Speaking to the newspaper, his daughter and two sons said they had not yet made concrete plans for how to spend the money, not only because it depends on tax laws and developments in society, but also because it is premature.

“I can imagine this will probably be a continuation of what we've been doing,” Susie Buffett said.

The Gates Foundation did not respond to a request from luck To state.

The second blow that the Gates Foundation received recently

Led by CEO Mark Suzman, the charity has awarded grants totaling nearly $78 billion since its founding. Among its causes – combating poverty around the world and eliminating malaria, a disease that kills 10,000 people. Over 600,000 lives every year.

Buffett is one of the foundation's most generous supporters, having made donations since 2006, when he joined it as a trustee. Buffett stepped down in 2021, the same year Melinda French Gates announced her intention to divorce the Microsoft co-founder.

The Omaha native will do so, Berkshire Hathaway said Friday in a statement Donates Adding another 9.9 million shares of its Class B stock, worth a total of $4 billion, to the organization as of now.

The news is the latest blow to Suzman and the foundation, after Melinda French Gates resigned in May to devote herself to fighting the rollback of women's rights in the United States and around the world.

“Warren Buffett has been extremely generous to the Gates Foundation with more than 18 years of contributions and advice,” Suzman said. magazine. “He has played an invaluable role in supporting and shaping the Foundation’s work to create a world where every person can live a healthy, productive life.”