Warren Buffett shifts philanthropy strategy, ending two-decade share donations to Gates Foundation amid Epstein scandal fallout.
Warren Buffett intends to liquidate his entire $140 billion stake in Berkshire Hathaway by 2034, marking a major shift in his long-term holdings. The move follows his decision to halt donations to the Bill & Melinda Gates Foundation for the first time in 20 years, citing distancing from Bill Gates amid controversy.
Buffett’s stake represents roughly 13% of Berkshire’s $1.05 trillion market cap, giving him significant influence over corporate decisions. His exit could reshape governance dynamics as successor CEO Greg Abel assumes greater control. The shift also reflects broader changes in Buffett’s philanthropic strategy.
No immediate market reaction was reported, but the gradual sell-off may pressure Berkshire shares over time.