Warren Buffett is ramping up his charitable efforts as he prepares to step down as CEO of Berkshire Hathaway. In his annual Thanksgiving letter to shareholders, Buffett announced that he will accelerate his pledge to give away the majority of his vast fortune, now estimated at $147 billion.
The billionaire has long committed to transferring his remaining wealth to a charitable trust overseen by his children after his passing. However, he is now expediting the pace of donations to ensure that they can meet the 10-year timeline set out in his original plan.
Buffett's decision comes as he prepares to hand over the reins of Berkshire Hathaway to Greg Abel, who will take over as CEO by the end of 2025. While Buffett plans to retain a significant stake in the company, he has said that it is only a matter of time before shareholders become confident in Abel's leadership.
As Buffett steps back from the public eye, he is taking on a quieter role, saying that he will "go quiet" but still write an annual Thanksgiving message. The billionaire acknowledged that age and time are catching up with him, but remains optimistic and committed to his philanthropic efforts.
Buffett's charitable giving has already reached unprecedented levels, with more than $60 billion given away over the past two decades. His children, Susie, Howard, and Peter, will oversee the distribution of his remaining fortune, which will be transferred to a charitable trust after his passing.
The decision is seen as a significant shift in Buffett's approach, but one that reflects his enduring commitment to kindness and philanthropy. As he noted in his letter, "greatness" comes not from wealth or power, but from the positive impact one has on others.
The billionaire has long committed to transferring his remaining wealth to a charitable trust overseen by his children after his passing. However, he is now expediting the pace of donations to ensure that they can meet the 10-year timeline set out in his original plan.
Buffett's decision comes as he prepares to hand over the reins of Berkshire Hathaway to Greg Abel, who will take over as CEO by the end of 2025. While Buffett plans to retain a significant stake in the company, he has said that it is only a matter of time before shareholders become confident in Abel's leadership.
As Buffett steps back from the public eye, he is taking on a quieter role, saying that he will "go quiet" but still write an annual Thanksgiving message. The billionaire acknowledged that age and time are catching up with him, but remains optimistic and committed to his philanthropic efforts.
Buffett's charitable giving has already reached unprecedented levels, with more than $60 billion given away over the past two decades. His children, Susie, Howard, and Peter, will oversee the distribution of his remaining fortune, which will be transferred to a charitable trust after his passing.
The decision is seen as a significant shift in Buffett's approach, but one that reflects his enduring commitment to kindness and philanthropy. As he noted in his letter, "greatness" comes not from wealth or power, but from the positive impact one has on others.
. I mean, it's about time someone with that kind of resources starts making a real difference in the world. The fact that he's expediting the pace of donations shows me that even billionaires can see the value in using their wealth to drive positive change.
. I'm all for it, but shouldn't we be asking why he's only doing this now? Shouldn't he have been making a bigger impact while he was still in the spotlight? It seems like he's trying to make up for lost time.
. I'm not saying Abel can't be a good leader, but it does raise some questions about whether this is really just a case of succession planning or if there's more to it.
. One thing's for sure: we should all be keeping an eye on him and holding him accountable for using his resources wisely 
.
Giving away most of his fortune is a huge deal, and I'm stoked to see him following through on his pledge. 10 years is a decent amount of time for the transition, though - can't help but wonder if he's rushing it slightly? 
Still, 60 billion dollars given away in two decades is no joke! 
His message about greatness coming from kindness and philanthropy resonates with me too. Age may be catching up, but Warren Buffett is still a giant in the philanthropy game 
he's like literally giving away the majority of his fortune to charity and it's going to make such a huge difference in people's lives! 60 billion dollars is insane!!! and he's not even expecting anything in return, he just wants to leave a positive impact behind him. I love how he says greatness comes from kindness and philanthropy, it's so true! 
it makes me think about my school's charity events and how we can all do our part to help others, even if its just small things like collecting canned goods or participating in a fundraising walk 
i wish more people would follow warren buffett's lead and show kindness through their wealth and actions 
he's been saying this stuff for ages, but it's still cool to see him make good on it. and honestly, who wouldn't want their grandkids in charge of giving away the family fortune? 
anyway, it's awesome that he's prioritizing kindness over his own interests. I guess you could say he's setting a great example for the rest of us 
I've got some tea on Warren Buffett, fam! So, he's stepping down as CEO of Berkshire Hathaway, which is no surprise, right? But what's crazy is that he's accelerating his charitable donations. He's giving away 99% of his $147 billion fortune to a trust run by his kids. I'm talking like, nearly all of it. And he wants to do this in the next 10 years. That's some serious commitment to kindness and leaving a lasting legacy 
. I've heard from sources (wink) that Buffett is really comfortable with handing over the reins to Greg Abel and is excited to see the company continue to thrive under new leadership. But let's be real, who needs all that wealth when you can make a difference in people's lives? 
. I think it's awesome that his kids are taking over the trust after he's gone, they're gonna do a great job of spreading out his good vibes 
. And who knows, maybe we'll see even more billionaires following in his footsteps soon? A girl can dream, right? 
and I'm like totally amazed by its skills! I mean, have you ever seen a feline tickle those ivories? It's like they're born to be musicians or something! Anyway, back to Buffett... it's awesome that he's giving away his fortune, but you know what would be even more amazing if he started a cat sanctuary for all the piano-playing felines out there? That'd be purr-fect 
, but 147 billion bucks is a whole lotta cash 
. Plus, I think it's awesome that he's passing the torch to Greg Abel - the dude seems like a solid choice 
. And hey, who knows? Maybe this is the start of a new era in philanthropy 
?
. Now he's gonna accelerate his donations because he can barely keep up with the times 
. Like, who needs a 10-year plan when you're already giving away $60 billion over two decades? Not like anyone's expecting him to live forever or anything 
.
still got more money than i'll ever have 
!