Warren Buffett to donate all Berkshire shares by 2034

Warren Buffett, the 95‑year‑old CEO of Berkshire Hathaway, announced a plan to relinquish virtually his entire $150 billion fortune within the next eight years. He will transfer his Berkshire stock to four charitable entities overseen by his children – the Sherwood, Howard G. Buffett, NoVo foundations and the Susan Thompson Buffett Foundation – and aims to complete the giveaway by 31 December 2034. For the first time in two decades, the Bill & Melinda Gates Foundation was excluded from the annual allocations, a decision linked to ongoing scrutiny of past connections.

Brad Gerstner, founder of Altimeter Capital, suggested that part of Buffett’s legacy could be channeled into the newly launched “Trump Accounts,” tax‑advantaged savings accounts for minors born between 2025 and 2028. These accounts receive a $1,000 government deposit and allow up to $5,000 in contributions each year, invested in low‑cost U.S. stock funds before converting to a traditional IRA at age 18. Buffett has not commented on the Trump Account proposal, but has long advocated early, low‑cost index investing.

Buffett’s own remark was, “My goal is to get rid of all my Berkshire shares within about eight years, by 31 December 2034.”