Warren Buffett Just Changed Up His Will and Locked Out the Bill & Melinda Gates Foundation

Warren Buffett revised his will and gave his biggest yearly donation yet to five charities.

Buffett told The Wall Street Journal on Friday that almost all of his fortune, valued at about $130 billion, will now go into a new charitable trust upon his death. Buffett’s children, Susie, Howie, and Peter Buffett, will helm the organization together and must unanimously choose where the money goes.

“I feel very, very good about the values of my three children, and I have 100% trust in how they will carry things out,” Buffett told the Journal.

Warren Buffett. Photographer: Christopher Goodney/Bloomberg via Getty Images

The new will ensures that more than 99% of Buffett’s estate

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