© 2024 WFAE

Mailing Address:
WFAE 90.7
P.O. Box 896890
Charlotte, NC 28289-6890
Tax ID: 56-1803808
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Joining with Gates, Buffett Targets World's Ills

Warren Buffett's pledge of $31 billion to the Bill and Melinda Gates Foundation has been long in the making, according to friends of the astute investor from Nebraska. Fortune magazine's Carol J. Loomis says Buffett told her months ago about his plan.

Before his wife died two years ago, Buffett had intended to leave the dispersal of his fortune up to her, Loomis says. And the founder of Berkshire Hathaway reportedly said he wouldn't make a good philanthropist, because he would have to hear too many opinions from too many people.

Now, the Bill and Melinda Gates Foundation will receive 10 million Berkshire Class B shares. Buffett will become a trustee of the foundation.

Melissa Block talks with Loomis, editor-at-large at Fortune, who interviewed Buffett for the magazine's July issue.

Copyright 2023 NPR. To see more, visit https://www.npr.org.