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Buffett Cuts Gates Foundation from Giving – Cites Trust in His Kids, Not Epstein Ties

Warren Buffett has explained that his decision to cut the Bill & Melinda Gates Foundation from his philanthropic giving stems mainly from his confidence that his three children are ready to distribute his entire fortune themselves. He described Bill Gates' ties to convicted sex offender Jeffrey Epstein as "distasteful" but said they did not drive the decision. Buffett intends to leave his full estate to a family-run charitable foundation managed by his children.

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