Latest / The Epstein Chronicles / Warren Buffet Makes A Final Decision On Donations to The Gates Foundation (7/15/26)

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Warren Buffet Makes A Final Decision On Donations to The Gates Foundation (7/15/26) · The Epstein Chronicles

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Speaker 1: What's up, everyone, and welcome to another episode of the
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Epstein Chronicles. A couple of weeks ago, we were talking
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about Bill Gates and Warren Buffett and how Warren Buffett
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was pausing his donation to the Gates Foundation. Well, come
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to find out that that donation is getting paused. And
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this comes after finding out on Tuesday that he's going
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to donate six billion dollars before foundations that are connected
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to his own family. So Warren Buffett thinks that the
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Jeffrey Epstein situation is disgusting enough not to donate money
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to Bill Gates. I think that should give you a
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little bit of an inside track on just how devastating
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this whole entire scandal is. And people like Bill Gates,
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they might survive it, but their image is never going
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to be what it once was, and moving forward, it's
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going to be a lot more difficult for people like
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Bill Gates to hustle people into going along with his
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brain dead ideas, because once you lose the confidence of
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Warren Buffett, that signals to everybody else that something's going on.
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And when you add it all up with the Epstein
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scandal and the fact that Warren Buffett reacted the way
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he did not very good for Bill Gates or the
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Gates Foundation. Today's article is from ABC News and the
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headline Warren Buffett omits annual donation to Bill Gates Foundation
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after his Epstein ties were disclosed. This article was authored
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by Josh Funk. Billionaire Warren Buffett omitted Bill Gates Foundation
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from his annual donations this year after disclosures of the
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Microsoft co founder's ties to convicted sex offender Jeffrey Epstein.
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He'll donate about six million to four foundations connected to
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his own family, but did not mention Gates at his
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announcement on Tuesday. And he's donated a lot of money
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to Bill Gates. I mean a whole lot of money.
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And remember that plan with Bill Gates is to donate
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your money as a billionaire to charities. And the craziest
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part is these charities get the money. It never goes
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to the people. If Bill Gates was serious, what he
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would do is donate this money to regular people. That's right.
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Give people one hundred grand, give people five hundred grand. Whatever.
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If you want to help people's lives and you want
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to make their lives better, go directly to them. Because
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I assure you the vast majority of these billions that
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are being donated while they're finding their way into somebody's pocket.
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Buffett also said in his statement that he wants all
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of his remaining Berkshire Hathaway stock worth nearly one hundred
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and forty six billion, donated to charity by the end
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of twenty thirty four. Previously, the plan was for three
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of his children to distribute his remaining fortune within ten
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years of the ninety five year old investor's death. I
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don't even understand, Like, what are you doing? Like, do
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they think this is some kind of flex They're gonna
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donate all their wealth after they're dead? You want to
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impress me, donate it now, Come and live how the
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rest of us live for a little bit. They'll never
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do that, though, will they. I'm gonna donate my money
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when I'm dead. Pat me on my back. Of course,
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mortality is unpredictable, but my remaining shares will be donated
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to the four Foundations one way or the other by
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December thirty first, twenty thirty four, Buffett said in a statement.
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The goal is to have the grants grow annually to
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each of the three foundations managed by each of my children,
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and the annual grant to the Susan Thompson Buffett Foundation
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grow out a somewhat greater rate. Look, maybe it's just
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a cynic in me, but when I see this kind
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of shit, all I hear is a way to avoid taxes,
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is a way to avoid ponying up that dough to
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the government. So let me say, I have this foundation, right,
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and I'll make pretend that I'm this altruistic guy and
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I'm giving away all these billions, But really it's just
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pocket change for him, money that he was never going
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to see anyway. So I've never really understood putting these
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people on a pedestal, because if they really cared about people,
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if they really cared about the situation in the country
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or whatever, couldn't they all get together and put together
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their own food bank or their own resources where people
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could go to a company or place that's run by
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them and get whatever they need. Why does it have
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to be the government that does that. We have all
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these rich people that talk all this bullshit, why don't
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they do it? And look, I'm talking about the folks
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that talk all this bullshit. I'm not saying anybody should
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be forced to do that. Nobody should ever be forced
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to spend their money in any way they don't want
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to spend it. But when we're talking about these big mouths,
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you know, the Mark Cubans of the world, the Jeff Bezos,
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the Elon Musks, they could all get together, they could
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put together some kind of fund and have some kind
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of you know, help for people loo or starving or
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whatever it is. But instead they'll just talk a bunch
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of shit about how they donate the money to this
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foundation or that foundation, and nothing ever gets done. Buffetting
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Gates Foundation did not immediately respond to his day to questions.
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CNBC said Buffett is scheduled to give the channel an
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exclusive interview on the topic Wednesday morning. Well good, and
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I think that will learn a little bit more, right,
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because I think it's a pretty significant move as far
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as Buffett goes, and as far as shame when it
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comes to Bill Gates. I mean, imagine one of your
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biggest spenders, one of your biggest supporters, one of your friends,
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decides he's gonna pause donations because of your bullshit with Epstein.
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Not exactly a great look. And I think it's gonna
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end up costing the Foundation. In the long run, the
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majority of Buffett's charitable gifts, worth more than sixty one billion,
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have gone to the Gates Foundation. Since he announced the
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plan to give away his fortune in two thousand and six,
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he's been giving blocks of Berkshire Hathaway stock to the
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Gates Foundation and the four foundations run by his three
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children regularly. That money wouldn't be better spent in the
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inner city, wouldn't be better spent on grants and scholarships
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for people to go to trade school or college or whatever.
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You know, I'm just shooting shit here. There's a lot
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of people out there that are a lot smarter than
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me that would utilize this money correctly. But when you
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give it to these big foundations, in my opinion anyway,
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it's kind of worthless. Oh sure they do some things right,
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some people will get helped, but the vast majority of
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that money is going to find its way into somebody's pocket.
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Gates denies any knowledge of Epstein's crimes and has not
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been accused of any wrongdoing. He said he only met
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with Epstein because he thought it might help raise money
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for charitable causes. Epstein, who was accused of sexually abusing
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dozens of underage girls, was found dead at the Manhattan
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Federal lock Up in all his twenty nineteen and his
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death was later ruled a suicide by the New York
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Citi's medical examiner. Yeah, debatable at best, and accused, No,
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that's what he was doing. Now, he might have only
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been convicted of, you know, the charges he was convicted
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of in Florida. But let's be real, with all of
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the information that's available to you, now, do you really
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think that Jeffrey Epstein was beating any case whatsoever related
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to this. Well, if the fix wasn't in, I mean
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zero chance. The evidence was as high as Mount Everest.
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Buffett already said in twenty twenty four that he planned
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to cut off donations to the Gates Foundation after his
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death and let his three children decide how to distribute
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the rest of his fortune. The decision he announced Tuesday
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will accelerate that plan. And I think that if I
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was somebody with this kind of money, I'd be giving
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it to my children. Now. I donate some of it
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to cause as I cared about, but I'd give it
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to my kids. Buffett and Gates used to be exceptionally
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close friends who talked, often played bridge online, and even
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took vacations together. Gates also served on Gates board for years,
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and the legendary investor sat on the board of the
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Gates Foundation, but Buffett told CNBC in March that he
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hadn't talked to Gates in months since before the Epstein
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files were released in the fall of twenty twenty five.
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In the past, Buffett stood up for Gates. Three years ago,
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Buffett cut off a man who was presenting a resolution
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at the Berkshire Hathaway shareholder meeting after he questioned gates
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character because of his ties with Epstein. Well, look, let's
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not act like Buffett is some kind of, you know,
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noble guy. He's not. And the only reason that he's
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not giving these donations anymore is because he's been outed.
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But do you think that Warren Buffett didn't know what
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Jeffrey Epstein was? Come on, man, these people are so smart,
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or at least they tell us they are. That I
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find that very, very hard to believe. Peter Flaherty was
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arrested that day for trespassing, even though he had been
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approved to make the presentation beforehand. The charge was later dropped,
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but the incident led to a lawsuit, which is still
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pending in the courts. Like, for real, you're gonna arrest
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somebody because they have something bad to say about your buddy,
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Bill Gates. You know, you better get the paddy wagon
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ready because there's a lot of us that have bad
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things to say about your buddy, Bill Gates. Buffett told
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the NBC it's astounding to me that anybody could be
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that successful as a con person, but Epstein found a
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way to exploit the weaknesses of others. Buffett would not
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discuss gates involvement, but said that he doesn't want to
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be involved with anything that could be investigated later. Look,
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that's smart and shrewd. I wouldn't want to be involved
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in anything adjacent of Epstein. You're asking for big trouble,
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especially as a guy like Warren Buffett. So that was
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smart of Gates discussed as ties to Epstein with the
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staff of his foundation. Recently. Gates appears multiple times in
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the Justice Department. Files included email correspondents between Gates and
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Epstein about philanthropic projects, calendar entries documenting dates they got together,
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and photos of Gates at events the two men attended,
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but they didn't really know each other. We only met
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a couple times. Come on. The foundation announced that I
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had hired someone in March to assess the foundation's past
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engagement with Epstein and review its policies to vet any
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future of philanthropic partnerships. Gates and the rest of the
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foundation's board expect to get an update on that investigation
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sometime this summer. Nothing like an internal investigation of clear
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things up. Huh. They think you're stupid. Just to reiterate that. Okay,
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they think you're dumb, and they think that they can
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just push this along. Oh, we investigated, we didn't find
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anything cool. How about a special counsel? What would they find?
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Buffett told CNBC he's amazed at how many wealthy and
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powerful people have been caught up in the Epstein scandal.
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I mean it here, you had a guy that was
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a convicted guy, a sensational con man, and the percentage
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of people that he knocked off, Buffett said, I mean
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whether it was he found their weakness. It might have
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been sex, it might be power, it might be whatever
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it might be. And I don't see how anybody could
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have pulled that off. Oh please, oh please run and
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cover for your friends. Huh. Epstein wasn't that smart of
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a guy. Okay, wasn't that charismatic? It was parasitic. Your
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friends wanted something from Epstein, so they were willing to
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look the other way. There it is the whole story.
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Buffett said, He's glad Epstein never came to Omaha, where
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he's lived for more than six decades. Buffett's regarded by
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many as the world's greatest investor who built up Berkshire
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over the years by buying insurance companies like Geico, major
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utilities manufacturers, and well known brands like Dairy Queen and
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the BNSF Railroad. Buffett stepped down as Berkshire CEO in
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January after sixty years of leading the company, but he
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remains as chairman and the largest shareholder. Greg Gable is
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now CEO of Berkshire Hathaway And look, this is just
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a follow up on what we talked about previously with
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Bill Gates and Buffett, and it kind of brings the
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conversation full circle, right because previously the question was is
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he going to pause the donations or is he going
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to stop them? Well, now we have our answer, and
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the answer is that those donations have been stopped, and
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according to Buffett, it's for good because now he's going
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to start giving the money to his kids and those
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other foundations. So we're going to keep an eye on
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things here and see what other foundations, if any other
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donors decide to back out, because I think this might
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have a halo effect, So we'll keep an eye on it,
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and when we have some more information one way or
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the other, we'll get that added to the catalog as well.
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All the information that goes with this episode can be
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found in the description box.