Billionaire investor Warren Buffett has stopped giving donations to Bill Gates’ charitable foundation weeks after the Microsoft co-founder detailed his links to the late sex offender Jeffrey Epstein, the BBC reports.
Buffett “irrevocably” committed in 2006 to donate shares in his firm, Berkshire Hathaway, each year to the Bill and Melinda Gates Foundation as it was then known “throughout my lifetime”.
But on Tuesday, the Gates Foundation was left off the list of firms that will receive billions of dollars worth of stock.
The stock will instead be split between four foundations involving members of the Buffett family. The 95-year-old said he will dispose of his remaining stock over the next eight years.
“Of course, mortality is unpredictable,” said Buffett. “But my remaining shares will be donated to the four foundations one way or the other by 31 December, 2034.”
