Summary
Warren Buffett gave $1.1 billion in Berkshire Hathaway stock to family foundations and detailed plans for distributing his $147 billion fortune after his death.
His three children will oversee giving the remainder within 10 years, with designated successors in case they predecease him.
Buffett, 94, reaffirmed his belief in avoiding dynastic wealth, favoring philanthropy instead.
Over the years, he has donated $55 billion to the Gates Foundation but plans to shift focus to his family’s foundations.
Buffett continues leading Berkshire Hathaway while preparing Greg Abel as his successor.
None of that is Warren Buffet. You can’t just say all stock holders are evil thieves. Stock holders are the reason many of those businesses exist.
Side note: did you actually know how much the rail workers were already being paid before the strike? It was better than most jobs by a fair amount. They didn’t have sick time because it was already previously negotiated away for other things in a previous contract.
Yeah…rail workers average $74k a year and get 30 days vacation a year. What do you get?
*Edit:Also, I did a bit of digging. He does now own one railroad company. He only got it 14 years ago. He didn’t make his money as one of the railroad tycoons.
