Slate Money: Behind Britain’s Bonkers Election
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Warren Buffett's Charitable Move and Changes in Wealth Distribution
The chapter delves into Warren Buffett's plan to pass on $130 billion of Berkshire Hathaway shares to a charitable foundation led by his children, shedding light on their lack of experience in managing such a vast foundation and their differing charitable interests. It explores how Buffett structured this move to avoid taxes and examines philanthropic practices, highlighting the swift impact made by individuals like Mackenzie Scott. The discussion also includes the shift in Buffett's intended recipient of wealth, from the Gates Foundation to his children, in light of recent developments following Melinda French Gates' departure.
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