look news india
93-year-old Warren Buffett, one of the world's top 10 billionaires, has made a big disclosure about his wealth. Buffett has given information about what will happen to his billions of property after his death. Warren Buffett's company Berkshire Hathaway has a business of billions of dollars. He is an investor in many big companies of the world and he has donated more than half of his wealth in the year 2006. Also, recently he has changed his will.
What will happen to Warren Buffett's assets after his death?
Warren Buffett has already made his will. He has donated his property to a foundation. Bill Gates and Melinda Gates started this foundation. However, now they are not husband and wife but they keep looking after the work of the foundation. This foundation works for the underprivileged people. Now Warren Buffett recently said that he has changed his will several times. This time in research, he has transferred his property to the charitable trust of his children. His children run a charitable trust. And now after the death of Warren Buffett, his property will go to this trust.
Learn from Warren Buffett
Warren Buffett told the world how to make money by starting with small savings and investing in the right companies, mutual funds and businesses. So much money can be earned that a person can become a billionaire. Thus, he gets to learn a lot by changing his wish.
As this decision of Warren Buffett teaches that the older generation should make their will at the right time. Otherwise this wealth becomes the cause of division and conflict among children after death. That is why Mukesh Ambani has started handing over all the responsibility of his business to a new person. After Anant Ambani's marriage, Mukesh Ambani will now focus on succession planning.