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6d ago

Warren Buffett’s Philanthropy Would Have Made Him Richer Than Elon Musk

By gifting over $60 billion in Berkshire Hathaway shares, Buffett has prioritized philanthropy over personal wealth, with his hypothetical net worth surpassing $400 billion.

Warren Buffett announced earlier this month that he plans to retire from the position Berkshire Hathaway CEO at the end of the 2025.
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Overview

  • Warren Buffett has donated more than $60 billion in Berkshire Hathaway shares over the past two decades, now valued at $230 billion.
  • If he had retained those shares, Buffett’s net worth would stand at nearly $400 billion, $67 billion more than Elon Musk's current fortune.
  • Buffett has committed to donating over 99% of his wealth to philanthropic causes, emphasizing its societal impact over dynastic wealth.
  • He co-founded the Giving Pledge in 2010, urging billionaires to give away at least half their wealth, and detailed plans for his children to oversee his remaining estate posthumously.
  • Buffett, set to retire as Berkshire Hathaway CEO by the end of 2025, has built a legacy rooted in value investing, modest living, and transformative philanthropy.