Warren Buffett News / What will happen to the property after death? Warren Buffett himself revealed

Warren Buffett News: Warren Buffett, who is among the top 10 billionaires in the world and has more wealth than even India's richest man Mukesh Ambani, has made a big disclosure. Warren Buffett, who has reached the age of 93, has informed what will happen to his property worth about Rs 10 lakh crore (128 billion dollars) 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 has donated more than half of his wealth in the year 2006 itself. Along with this, he has recently made changes in his will.

What will happen to the property after death?

When Warren Buffett first made his will, he donated his property to the Bill and Melinda Gates Foundation. The Bill and Melinda Gates Foundation was started by Microsoft company founder Bill Gates and his wife Melinda Gates. Although both are no longer husband and wife, they look after the work of the foundation very well. This foundation works for the under privileged people.

Now Warren Buffett said in a recent interview that he has amended his will several times. In this amendment, he has transferred his property to the charitable trust of his children. His children run a charitable trust, and now Warren Buffett's property will go to this trust after his death.

Things to learn from Warren Buffett

Warren Buffett has told the world how money can be earned by starting with small savings and investing in the right company, mutual fund and business. So much money can be earned that a person can become a billionaire. In such a situation, there is a lot to learn from his changes in his will.

For example, this decision of Warren Buffett teaches that the aging generation should make their will at the right time. Otherwise, this property leads to a fight among the children for division after death. Like in Mukesh Ambani's family, when his father died, the whole country and the world saw the story of his division with his brother due to the absence of a will.

That is why Mukesh Ambani has started handing over the reins of the business to the new generation while he is alive. Mukesh Ambani can now focus on the succession plan after Anant Ambani's marriage.