What will happen to Warren Buffett’s money after he dies?

With a net worth of approximately $126 billion, Warren Buffett is one of the richest people on Earth. At 94, he recently stepped down as the CEO of Berkshire Hathaway. This multinational conglomerate corporation encompasses the insurance company Geico. It is a major shareholder in some of the world’s most vulnerable companies, including Kraft Heinz, The Coca-Cola Company, Apple, and many others in the financial services sector.

Buffett was also the BNSF through Berkshire Hathaway. This rail company inflicted much pain on the small town of East Palestine, Ohio, after one of its trains carrying hazardous materials, including highly flammable vinyl chloride, derailed in the city. Years before, the outlet More Perfect Union had released a short documentary on how BNSF had used its power to lobby for less regulation.

Where will Warren Buffett’s money go?

A share of Berkshire stock sells for $512.15, an increase of 26 percent from its position one year ago. One of the questions that surrounds the fortunes of the super-rich is where the money will go when they die.

Buffett and fellow billionaire Bill Gates established The Giving Pledge in 2010. The pledge aims to raise awareness of a campaign encouraging the super-rich to give away more than half their wealth before death. The Founders say they started The Pledge “to help shift the social norms of philanthropy among the world’s wealthiest people and inspire people to give more, establish their giving plans sooner, and give in smarter ways.” Those who sign it commit “to give the majority of their wealth to charitable causes, either during their lifetimes or in their wills.”

“Were we to use more than 1% of my claim checks (Berkshire Hathaway stock certificates) on ourselves, neither our happiness nor our well-being would be enhanced. In contrast, that remaining 99% can have a huge effect on the health and welfare of others.”

Warren Buffett

Buffett has taken The Pledge to a different level, promising to donate 99 percent of his net worth. Forbes reported that as of 2024, he has donated $56 billion, meaning he is nearly halfway there. The recipients of these funds have included the Bill and Melinda Gates Foundation and foundations started by his children.

Is Warren Buffett a Democrat?

In 2008, Warren Buffet endorsed Barack Obama’s presidential campaign, and in 2016, he endorsed Hillary Clinton. However, in 2020 and 2024, he stayed out of politics and did not endorse Joe Biden, Kamala Harris or Donald Trump.

“In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr. Buffett’s endorsement of investment products as well as his endorsement and support of political candidates,” in a statement made by Berkshire Hathaway’s website. “Mr. Buffett does not currently and will not prospectively endorse investment products or endorse and support political candidates.”