World News: Billionaire investor and philanthropist Warren Buffett has once again demonstrated his unwavering commitment to giving back. The 94-year-old leader of Berkshire Hathaway has donated another $1.1 billion to various foundations, part of his pledge to distribute the majority of his $150 billion fortune during his lifetime and beyond. This monumental act of generosity comes as Buffett shares personal insights into his philanthropic mission and plans for the future.Transforming Wealth into PhilanthropyBuffett announced the conversion of 1,600 Class A shares of Berkshire Hathaway into 2.4 million Class B shares. These were distributed among four family-run foundations: The Susan Thompson Buffett Foundation (1.5 million shares), The Sherwood Foundation (300,000 shares), The Howard G. Buffett Foundation (300,000 shares), and The NoVo Foundation (300,000 shares). This donation reduces Buffetts Class A shareholding to 206,363, marking another major milestone in his 2006 pledge to give away the bulk of his fortune. Since making this vow, Buffett has donated nearly 57% of his Berkshire holdings.Facing the Reality of MortalityIn a heartfelt letter to Berkshire shareholders, Buffett reflected on lifes unpredictability and his own mortality. He acknowledged the inevitability of “Father Time” and revisited the loss of his first wife, Susie, who passed away in 2004. “Father Time always wins,” he wrote. “To date, Ive been very lucky, but before long, he will get around to me.” Buffett emphasized the transformative power of his wealth in philanthropy, noting his largest single donation—$43 billion—went to the Bill and Melinda Gates Foundation.Revisions to His WillBuffett revealed updates to his will, clarifying how the remaining 99.5% of his wealth will be distributed. He expressed confidence in his children—Susie, Howie, and Peter—to handle this responsibility. He emphasized avoiding dynastic wealth and instead focused on philanthropy. A clause in his will requires unanimous decisions by his children regarding the distribution of his fortune to ensure accountability.Buffett offered a valuable piece of advice to families: discuss your will with your children. “When your children are mature, have them read your will before you sign it,” he urged. This, he noted, fosters understanding and preparedness for the responsibilities that come with inheritance.
