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Warren Buffett Sets Plans To Donate Entire $149 Billion Fortune

by THEFUTURE.TEAM

November 26, 2024

Warren Buffett, the renowned investor and chairman of Berkshire Hathaway, has taken further steps to ensure his vast fortune is given away after his death, solidifying his lifelong commitment to philanthropy.

Key Highlights

Buffett, 94, intends to donate 99.5% of his remaining wealth, valued at approximately $149.7 billion as of Friday, to a charitable trust managed by his three children: Susie, 71, Howard, 69, and Peter, 66.
In a letter to Berkshire shareholders on Monday, Buffett revealed three potential successors for the trustee role in case his children are unable to fulfil their duties. These individuals, who are slightly younger than his children and trusted by the family, would oversee the distribution of the fortune.
He has also announced an additional $1.14 billion donation in Berkshire Hathaway stock to four family foundations.

“I never wanted to create a dynasty or follow a plan that would last beyond my children. But these heirs are on the waiting list. I hope Susie, Howie, and Peter themselves distribute all my assets,” Buffett wrote in his shareholder letter.

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Since 2006, Buffett’s total charitable donations have surpassed $58 billion. His philanthropic efforts include substantial contributions to family foundations and the Bill & Melinda Gates Foundation, which has received over $43 billion from him. To date, he has donated 56.6% of his Berkshire shares.

Buffett, who has helmed Berkshire Hathaway since 1965, still owns 14.4% of the company’s stock. He plans to continue giving shares to five foundations throughout his lifetime.

Upon his passing, his children will have roughly a decade to distribute the remaining wealth, working unanimously to decide how the funds will serve philanthropic purposes.

Buffett’s commitment to giving emphasizes his belief in using wealth to create meaningful change. By entrusting his children to allocate his assets, he ensures his philanthropic legacy will adapt to future challenges while remaining true to his values.

The Future Forbes Realty Global Properties

Chime’s Nasdaq Debut: A 37% Leap in the Fintech Arena

by News Editor

June 13, 2025

Chime set to debut on Nasdaq

On June 12, 2025, Chime had a groundbreaking debut on Nasdaq, where its shares surged by an impressive 37%. Initially priced above the expected range at $27, the shares closed the day at $37.11, setting a new market cap of $13.5 billion. From a valuation of $25 billion in its last venture round, this IPO marks a recalibration for Chime amidst evolving market dynamics.

The offering raised roughly $700 million, with an additional $165 million from existing shareholders. Despite the lower valuation, CEO Chris Britt highlights Chime’s commitment to serving Americans earning $100,000 or less, often overlooked by traditional banks. “We help our members avoid fees, access liquidity, and build savings,” Britt stated confidently.

Chime’s strong revenue momentum, with $518.7 million reported last quarter and a revenue increase by 32% year-over-year, underscores its growth potential. The company also achieved $25 million in adjusted profitability, improving its profit margin by 40 points over the past two years.

Chime now stands among fintech giants like eToro and Circle, rekindling investor interest in fintech IPOs. The future looks promising as other players like Klarna and Bullish eye public offerings.

For further insights into fintech innovation and investment opportunities, explore European Banking Evolution: Cyprus as a Catalyst for Regulatory Innovation and discover how Cyprus continues to play a pivotal role in financial advancements.