Warren Buffett said why he stopped giving money to the Gates Foundation.

He said his three children are ready to manage his money.

That is the main reason.

It is not because of Bill Gates' ties to Jeffrey Epstein.

Buffett called Gates' friendship with Epstein "distasteful."

He said everyone makes mistakes with people.

Buffett read about Gates and Epstein.

He noted that Gates ended the friendship.

Buffett said he will give all his Berkshire Hathaway stock to his family's foundations.

Gates was not surprised.

Gates visited Buffett in Omaha weeks before the news.

Gates called Buffett a dear friend.

He said Buffett is one of the greatest philanthropists.

The Gates Foundation still has nearly $90 billion.

Buffett wants his shares given out by the end of 2034.

That is faster than before.

He will need to give over $17 billion each year.

Now he gives about $6 billion to his family foundations.

After his death, a new foundation will give the rest.

His children will decide together.

Buffett broke his leg recently.

He is recovering well.

He believes Greg Abel is the right leader for Berkshire Hathaway.

Buffett said Berkshire's big investment in Alphabet was his own choice.

It was not Abel's choice.