Warren Buffett is cutting off the Gates Foundation after his death

Warren Buffett has donated more than $39 billion over the span of 15 years, but his support of the Bill & Melinda Gates Foundation may end with him.

Transcript

00:00Warren Buffett has donated more than $39 billion to the Bill & Melinda Gates Foundation,

00:05but his support might end with him. In an interview with the Wall Street Journal,

00:09the billionaire said his will does not include explicit pledges of charity to the organization

00:13once he's gone. Up until now, there has been no exact indication of what might happen with

00:18his fortune in the event of his passing. The 93-year-old says his remaining wealth,

00:23which is worth around $127 billion, will be put into a charitable trust overseen by his three

00:28children, Howard, Susie, and Peter. His children said they have not made concrete plans for how the

00:33money would be spent, but Buffett's daughter imagines it will be probably some continuation

00:38of what we've been doing.