Warren Buffett Pledges to Donate All Berkshire Hathaway Shares by 2034

Warren Buffett, 95, announced that he will donate all remaining shares he owns in Berkshire Hathaway by the end of 2034, marking the end of his direct ownership in the investment company he built over decades. Buffett plans to transfer one million Class B shares to three philanthropic foundations managed by his children, and nine million Class B shares to the Susan Thompson Buffett Foundation, named after his late wife. In his statement, Buffett confirmed that all his remaining shares will be donated to four foundations by December 31, 2034.

Notably, the Bill & Melinda Gates Foundation was excluded from this round of donations and is not listed among future recipients. This decision follows renewed public scrutiny after documents released by the U.S. Department of Justice raised questions about Bill Gates's connections to Jeffrey Epstein. According to a Wall Street Journal report, the Gates Foundation is currently reviewing its historical ties to Epstein and reassessing its partnership vetting processes. Buffett is awaiting the results of this review before making further donation decisions involving the Gates Foundation.

As of now, Buffett holds 188,290 Class A shares and 1,162 Class B shares of Berkshire Hathaway. Last year, he announced plans to accelerate donations to family foundations to ease estate management for his children after his passing.