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Forbes Daily Briefing

Meet The Most Powerful Philanthropists In America: Warren Buffett’s Kids

Forbes Daily Briefing

Forbes

Careers, Business, News, Entrepreneurship

4.612 Ratings

🗓️ 18 July 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

The three children of the Oracle of Omaha, already among the nation’s biggest givers, could end up giving away as much as $130 billion of their father’s fortune.

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Transcript

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0:00.0

Here is your Forbes Daily Briefing for Thursday, July 18th.

0:05.0

Today on Forbes, meet the most powerful philanthropists in America,

0:10.1

Warren Buffett's kids.

0:16.0

Wearing a protective vest, cargo pants, and a helmet, Howard Buffett, the 69-year-old son of billionaire investor Warren Buffett,

0:21.0

holds a camera up to his face with one eye closed.

0:24.0

To his right, a soldier huddles under tarps draped in a tree that forms a makeshift shelter.

0:29.8

A patchy layer of snow covers the ground.

0:33.0

Buffet's Oblast region of eastern Ukraine,

0:38.0

taking photos for a book he published earlier this year

0:41.0

via his Howard G Buffett Foundation.

0:44.0

Called Courage of a Nation, the 220 page book contains pictures that Buffett,

0:49.0

an avid photographer, took in Ukraine during 10 trips to the war-torn country in the first two years after

0:55.5

Russia's invasion in February 2022.

0:58.9

His Charitable Foundation has funneled hundreds of millions of dollars in assistance to the country,

1:04.0

primarily for food security and conflict mitigation.

1:07.0

Just last year, it distributed roughly a quarter of a billion dollars to groups operating in Ukraine and it's on track to donate another

1:14.9

800 million dollars to those efforts this year, Buffett told Yahoo finance last month.

1:19.3

In this by Russia, but we have ideas of the role it can play when the war ends and the hard work of recovery begins.

1:37.0

For years, Howard and his siblings, Susie and Peter, have quietly given away their father's money in a big but very low-key way, so much

1:45.8

so that few have noted just how much of an impact they've made.

1:50.0

Between 2001 and 2023, the Trio received nearly 7.9 billion dollars in Berkshire Hathaway shares

1:56.9

and have given away at least 7.4 billion dollars through their charitable foundations,

...

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