Here s Why Warren Buffett Won t Leave All His Billions To His Kids: It s Harmful
03/04/21 AT 1:20 AM Warren Buffet, one of the most successful investors in history, celebrates his 88th birthday today. In this image, Buffett speaks onstage during Fortune s Most Powerful Women Summit - Day 2 at the Mandarin Oriental Hotel, Washington, D.C., Oct. 13, 2015. Photo: Getty Images/Paul Morigi
KEY POINTS
He plans to distribute 99% of his wealth to philanthropic causes
He joins Bill Gates, Mark Zuckerberg and more billionaires who won t pass on their wealth to their children
For those wishing they had been born as one of Warren Buffett’s children and dreaming of inheriting his billions, think again. The billionaire known for his genius investing strategy is not planning to leave the majority of his fortune to his three heirs. Here are his reasons and how he plans to distribute his wealth.