That could happen to Warren Buffett’s billions after his death

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• Buffett’s current net worth is approximately $97 billion
• Most earmarked for donations
• Is the World Children’s Savings Bank coming?

Forbes currently estimates the fortune of star investor Warren Buffett at around 97 billion US dollars. After his death, however, his children should not benefit from the money, only their philanthropic foundations should be considered. The vast majority of Buffett’s wealth is to be donated within ten years of his death. Even during his lifetime, the 91-year-old was considered the world’s largest philanthropist, and for 17 years in a row shares in Buffett’s investment holding company Berkshire Hathaway went to charitable foundations.

Allocation of the billions not yet finally clarified

According to the Wall Street Journal, $56 billion of Buffett’s $90 billion stake in Buffett’s investment firm today will go to the Bill and Melinda Gates Foundation, which is funded by his friend and Microsoft founder Bill Gates and whose ex-wife was created. Another $17.4 billion is to go to four charities within his family: Specifically, on the one hand, to his late wife’s foundation, the Susan Thompson Buffett Foundation, a family charity that also campaigns for women’s right to abortion. Also to the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation, all philanthropic activities of Buffett’s children. Apparently, 18.7 billion US dollars have not yet been specifically planned.

Assuming Buffett sticks to his donation line and Berkshire stock continues to perform at its usual level, Buffett’s remaining shares could be worth $200 billion a decade from now, the WSJ further calculates. In the best-case scenario, for example, the Susan Thompson Buffett Foundation could receive an amount of 70 to 100 billion US dollars.

Children’s savings bank in planning?

The Bill and Melinda Gates Foundation, meanwhile, has spent years finding uses for its portion of Buffett’s fortune. One of the suggestions in this context was a world savings bank for children, according to the press report. The WSJ did not provide any further details, but cited a former employee who said that each child could receive “thousands of dollars”.

Buffett knows his privileges

Buffett himself has not commented publicly on the speculation surrounding the beneficiaries of his legacy. The only thing that is clear is that he is aware of his privileges and intends to use them to the advantage of many people: “Over many decades I have accumulated an almost unbelievable sum simply by doing what I love to do. I have not made any sacrifices Neither does my family. Compound interest, a long orientation, wonderful employees and our incredible country just worked their magic,” said the star investor last year about the reasons for bequeathing his fortune to charity.

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Image sources: Daniel Zuchnik/WireImage, Andy-Kropa/AP