Meet billionaire with Rs 1246575 crore Net worth who has planned to donate 99% of his wealth, he is not Gautam Adani, Mukesh Ambani, Azim Premji, Narayana Murthy

Investor Warren Buffett renewed his Thanksgiving tradition of giving by announcing plans Monday to hand more than USD 1.1 billion of Berkshire Hathaway stock to four of his family's foundations.

Warren Buffett news: Prominent multi-millionaire businessmen like Bill Gates, Michael Bloomberg, Ratan Tata, Gautam Adani, Azim Premji, Narayana Murthy, and Mukesh Ambani are widely recognized for their philanthropic efforts, often contributing significant portions of their wealth to charitable causes. Among them, there is a billionaire who stands out for pledging to donate over half of his fortune to charity during his lifetime. Here is his full story.

Warren Buffett, the legendary CEO of Berkshire Hathaway, boasts a net worth exceeding $150 billion (Rs 1246575 crore). Renowned for his philanthropy, Buffett has donated billions of dollars in Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and his family’s charitable foundations. Most importantly, Warren Buffett, the chairman and CEO of Berkshire Hathaway, has pledged to donate 99% of his wealth to philanthropy.

Warren Buffett gives away another USD 1.1 billion

Recently, Warren Buffett was in news as he renewed his Thanksgiving tradition of giving by announcing plans Monday to hand more than USD 1.1 billion of Berkshire Hathaway stock to four of his family’s foundations, and he offered new details about who will be handing out the rest of his fortune after his death.

Buffett has said previously that his three kids will distribute his remaining USD 147.4 billion fortune in the 10 years after his death, but now he has also designated successors for them because it’s possible that Buffett’s children could die before giving it all away. He didn’t identify the successors, but said his kids all know them and agree they would be good choices.

“Father time always wins. But he can be fickle – indeed unfair and even cruel – sometimes ending life at birth or soon thereafter while, at other times, waiting a century or so before paying a visit,” the 94-year-old Buffett said in a letter to his fellow shareholders. “To date, I’ve been very lucky, but, before long, he will get around to me. There is, however, a downside to my good fortune in avoiding his notice. The expected life span of my children has materially diminished since the 2006 pledge. They are now 71, 69 and 66.”

Buffett said he still has no interest in creating dynastic wealth in his family — a view shared by his first and current wives. He acknowledged giving Howard, Peter and Susie millions over the years, but he has long said he believes “hugely wealthy parents should leave their children enough so they can do anything but not enough that they can do nothing”.

(With inputs from agencies)