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Warren Buffett explains why his offspring, and not the Gates Foundation, will be the stewards of his philanthropic legacy.

Warren Buffett explains why his offspring, and not the Gates Foundation, will be the stewards of his philanthropic legacy.

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July 16th, 2026

Warren Buffett explains why his offspring, and not the Gates Foundation, will be the stewards of his philanthropic legacy.

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Please note: This article has been simplified for language learning purposes. Some context and nuance from the original text may have been modified or removed.

🇺🇸 English

Billionaire Warren Buffett stated on Wednesday that his decision to exclude the Gates Foundation from his philanthropic bequests stems more from his conviction that his three children are now capable of managing the transfer of his entire fortune than from Bill Gates's associations with convicted sex offender Jeffrey Epstein.

El multimillonario Warren Buffett declaró el miércoles que su determinación de prescindir de la Fundación Gates en sus legados filantrópicos obedece más a su convicción de que sus tres hijos se hallan ya en condiciones de administrar la cesión de la totalidad de su fortuna, que a los vínculos de Bill Gates con el delincuente sexual convicto Jeffrey Epstein.

Buffett confided to CNBC that Gates's association with Epstein was "in poor taste," although the nonagenarian investor insinuated that Gates's actions did not differ substantially from the missteps he himself had committed over the years in hiring the wrong person or choosing his acquaintances.

Buffett le confesó a CNBC que la asociación de Gates con Epstein fue "de mal gusto", si bien el nonagenario inversor insinuó que las acciones de Gates no diferían sustancialmente de los desaciertos que él mismo había cometido a lo largo de los años al contratar a la persona inadecuada o al seleccionar amistades.

"In the exceedingly complex and nuanced task of selecting individuals, no one attains absolute perfection," Buffett asserted on CNBC.

"En la harto compleja y sutil tarea de seleccionar personas, nadie alcanza una perfección absoluta", aseveró Buffett en CNBC.

Buffett asserted that he "has meticulously investigated since January 1st the events between Bill and Epstein, as well as their sworn testimonies before Congress and the subsequent cross-examination."

Buffett aseveró que "ha indagado minuciosamente desde el 1 de enero en lo concerniente a los sucesos entre Bill y Epstein, así como en sus testimonios bajo juramento ante el Congreso y el subsiguiente contrainterrogatorio".

Likewise, he noted that Gates ultimately severed all ties with Epstein.

Igualmente, apuntó que Gates terminó por romper todo vínculo con Epstein.

Buffett noted that Gates evinced no surprise whatsoever at the decision that Buffett himself announced on Tuesday to eventually bequeath all remaining Berkshire Hathaway shares, valued at $140 billion, to foundations associated with his family and his three children, Howard, Susie, and Peter.

Buffett señaló que Gates no manifestó sorpresa alguna ante la decisión que el propio Buffett anunció el martes de legar, con el tiempo, la totalidad de las acciones restantes de Berkshire Hathaway, valoradas en 140 mil millones de dólares, a fundaciones vinculadas con su familia y sus tres hijos, Howard, Susie y Peter.

Gates traveled to Omaha several weeks ago and devoted several hours to conversing with Buffett.

Gates se desplazó a Omaha hace varias semanas y dedicó varias horas a conversar con Buffett.

The two had not engaged in any substantial dialogue since additional details about Gates's relationship with Epstein began to emerge, coinciding with the federal government's release of the Epstein investigation files.

Ambos no habían mantenido un diálogo sustancial desde que comenzaron a emerger detalles adicionales sobre la relación de Gates con Epstein, coincidiendo con la publicación por parte del gobierno federal de los archivos de la investigación sobre Epstein.

Gates has stated that his meeting with Epstein occurred solely on the premise that the latter could facilitate fundraising for philanthropic causes, and he has asserted complete ignorance of the ongoing perpetration of Epstein's crimes.

Gates ha manifestado que su encuentro con Epstein se produjo únicamente bajo la premisa de que este podría facilitarle la recaudación de fondos destinados a causas filantrópicas, y ha aseverado desconocer por completo la perpetración continuada de los delitos de Epstein.

Epstein, indicted for the sexual abuse of dozens of minors, was found dead at the federal correctional facility in Manhattan in August 2019.

Epstein, inculpado por la vejación sexual de decenas de menores de edad, fue hallado sin vida en el centro penitenciario federal de Manhattan en agosto de 2019.

His death was subsequently ruled a suicide by the New York City medical examiner.

Su deceso fue ulteriormente dictaminado como suicidio por el médico forense de la ciudad de Nueva York.

Gates described Buffett as "one of the greatest philanthropists of all time and a dear friend" with whom he eagerly anticipates spending considerably more time in the future.

Gates calificó a Buffett de "uno de los más grandes filántropos de todos los tiempos y un querido amigo" con quien ansía compartir considerablemente más tiempo en el futuro.

"His sagacity, magnanimity, and deeply ingrained teleological sense have sculpted both his life trajectory and his philanthropic work.

"Su sapiencia, magnanimidad y acendrado sentido teleológico han cincelado tanto su trayectoria vital como su labor filantrópica.

His support for the Gates Foundation, amounting to nearly $50 billion over the past two decades, is unprecedented in the annals of philanthropy and has contributed to saving millions of lives," Gates stated in a press release.

Su respaldo a la Fundación Gates, que asciende a casi 50.000 millones de dólares durante las dos últimas décadas, resulta inédito en los anales de la filantropía y ha coadyuvado a la salvación de millones de vidas", declaró Gates en un comunicado.

In 2024, Buffett expressed his intention to cease donations to the Gates Foundation after his death, delegating to his three children the authority to determine the distribution of the remainder of his estate.

Buffett manifestó en 2024 su intención de cesar las donaciones a la Fundación Gates tras su fallecimiento, delegando en sus tres hijos la potestad de determinar la distribución del remanente de su patrimonio.

The Gates Foundation will continue to command colossal resources: its endowment was valued at approximately $90 billion at the close of the previous fiscal year, and Gates has pledged to bequeath virtually all of his remaining fortune to the foundation.

La Fundación Gates continuará disponiendo de unos recursos colosales: su dotación estaba valorada en aproximadamente 90 000 millones de dólares al cierre del ejercicio anterior, y Gates se ha comprometido a legar la práctica totalidad de su fortuna restante a dicha fundación.

In other news stemming from the interview granted to CNBC, Buffett revealed that he recently suffered a leg fracture requiring surgical intervention, although he stated that his recovery process is progressing favorably.

En otras noticias derivadas de la entrevista concedida a CNBC, Buffett reveló que recientemente sufrió una fractura en una pierna que requirió intervención quirúrgica, aunque afirmó que su proceso de recuperación avanza favorablemente.

Buffett expressed his intention that the distribution of his own Berkshire shares be accelerated even further than he had previously indicated, setting the deadline as the close of 2034.

Buffett manifestó su intención de que la distribución de sus propias acciones de Berkshire se acelere aún más de lo que previamente había señalado, estableciendo como plazo el cierre de 2034.

To realise this objective, he will be compelled to drastically increase the annual volume of his donations, exceeding 17 billion dollars per fiscal year.

Para materializar dicho objetivo, se verá forzado a incrementar de manera drástica el volumen anual de sus donaciones, superando los 17.000 millones de dólares por ejercicio.

At present, he is channelling approximately six billion dollars into the Susan Thompson Buffett Foundation and the foundations run by his offspring: the Sherwood Foundation, the Howard G. Buffett Foundation, and the Novo Foundation.

En el momento presente, está canalizando aproximadamente seis mil millones de dólares hacia la Fundación Susan Thompson Buffett y hacia las fundaciones que dirigen sus vástagos: la Fundación Sherwood, la Fundación Howard G. Buffett y la Fundación Novo.

On Wednesday afternoon, Buffett filed documentation with the Securities and Exchange Commission revealing that, the previous day, he had donated a total of twelve million Berkshire Class B shares to those entities.

Buffett presentó el miércoles por la tarde ante la Comisión de Bolsa y Valores una documentación que revelaba que, un día antes, había donado un total de doce millones de acciones Clase B de Berkshire a dichas entidades.

The majority of these funds are allocated to the foundation bearing the name of his late wife, which could rapidly establish itself as one of the largest organizations on a global scale.

La mayor parte de dichos recursos se destina a la fundación que lleva el nombre de su difunta esposa, la cual podría erigirse con celeridad en una de las organizaciones de mayor envergadura a escala global.

Furthermore, Buffett makes additional donations to his family's foundations around Thanksgiving each year.

Asimismo, Buffett efectúa donaciones adicionales a las fundaciones de su familia en torno al Día de Acción de Gracias cada año.

He has stated that, upon his demise, a new foundation will be established to distribute the remainder of his shareholdings, and that his offspring must reach a unanimous consensus regarding the allocation of said donations.

Ha manifestado que, tras su fallecimiento, se constituirá una nueva fundación encargada de distribuir el remanente de sus participaciones accionariales, y que sus vástagos deberán consensuar unánimemente el destino de dichas donaciones.

His wish is that his children may adopt these resolutions before he himself passes away or suffers senile cognitive decline, and his eldest daughter will be approaching 81 years of age in eight years' time.

Su voluntad es que sus hijos puedan adoptar estas resoluciones antes de que ella misma fallezca o sufra un deterioro cognitivo senil, y su hija primogénita rozará los 81 años dentro de ocho.

The breakneck pace of Buffett's plan to distribute his fortune over the next eight years, rather than over the decade following his death, will mean that his successor at Berkshire Hathaway, Greg Abel, will not be able to rely on the backing of the Buffett clan as the company's majority shareholder for as long as he had initially anticipated.

El ritmo vertiginoso del plan de Buffett para distribuir su fortuna a lo largo de los próximos ocho años, en lugar de hacerlo durante la década posterior a su fallecimiento, implicará que su sucesor en Berkshire Hathaway, Greg Abel, no podrá contar con el respaldo del clan Buffett como el accionista mayoritario de la compañía durante tanto tiempo como inicialmente había previsto.

Currently, Buffett controls nearly 30% of the voting power through his 188,290 Class A shares.

En la actualidad, Buffett controla casi el 30% del poder de voto mediante sus 188.290 acciones de Clase A.

Nevertheless, Buffett asserted that he considers it unquestionable that Abel is the right person to captain the conglomerate he himself built, and "that becomes more evident every day."

No obstante, Buffett aseveró que considera incuestionable que Abel es la persona idónea para capitanear el conglomerado que él mismo erigió, y "eso se vuelve más evidente cada día".

Nevertheless, Buffett pointed out that Berkshire's colossal investment in Google's parent company, whose value has increased exponentially over the last fiscal year, was his own initiative and not a bet selected by Abel, albeit the latter endorsed it.

No obstante, Buffett señaló que la colosal inversión de Berkshire en la sociedad matriz de Google, cuyo valor se ha incrementado de forma exponencial durante el último ejercicio, fue iniciativa suya y no una apuesta seleccionada por Abel, si bien este último la respaldó.

Last month, Berkshire agreed to disburse an additional $10 billion in Alphabet, having previously tripled its stake in the company.

El mes pasado, Berkshire acordó desembolsar otros 10 000 millones de dólares en Alphabet, tras haber triplicado previamente su participación en la compañía.

A previous version of this chronicle erroneously recorded Warren Buffett's surname in the caption.

Una versión pretérita de esta crónica consignó erróneamente el apellido de Warren Buffett en el epígrafe.

July 16th, 2026

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