Billionaire Warren Buffett stops donations to Bill Gates charity

Key Points:

• Warren Buffett, who committed in 2006 to donate Berkshire Hathaway shares annually to the Bill and Melinda Gates Foundation throughout his lifetime, has now excluded the Gates Foundation from his planned stock donations.
• Instead, Buffett will distribute his remaining Berkshire Hathaway shares by the end of 2034 to four foundations associated with his family, citing unpredictable mortality.
• Buffett has distanced himself from Bill Gates, stating he has not spoken to Gates since revelations about Gates' association with Jeffrey Epstein, and expressed reluctance to be involved as a witness.
• The Gates Foundation acknowledged Buffett's decades of support and emphasized its financial strength, backed by Bill Gates' $200 billion commitment to advance its work through 2045.
• Bill Gates testified before the US House Oversight Committee about his 2011 meetings with Epstein, expressing regret for the association and stating he underestimated the extent of Epstein's crimes despite prior legal issues.