Hundreds of billionaires pledged to donate their fortune. The philanthropic era of Bill Gates and Warren Buffett has come to an end

In 2010, Bill Gates and Warren Buffett teamed up on an unusual project: convincing hundreds of millionaires that They didn’t need half his fortune and they owed billions of dollars to philanthropic projects. Sounds crazy, right? Well they got it. However, the model promoted by these two regular figures in the top 10 with the greatest fortunes in the last four decadesappears to be reaching a tipping point. They are coming tax reforms and moral incentives are not supported by the always convincing fiscal incentives. The golden age of philanthropy among millionaires could be in its final stages. Gates and Buffett’s original plan. The project The Giving Pledgelaunched by Gates and Buffett 15 years ago, invited hundreds of the world’s billionaires to sign a non-binding pledge promising to donate at least half of their fortune to charitable causes during their lifetime or after their death. Since its creation, more than 250 billionaires from 30 countries have signed this commitment, adding a combined fortune close to $600 billion in potential donations. according to calculations of Business Insider. Despite the magnitude of the figures, in recent years the viability of this model of collective philanthropy has been questioned. Warren Buffett himself recognized in his last letter to Berkshire Hathaway shareholders that its plan to engage and motivate the ultra-wealthy “hasn’t worked,” assuming the idea of ​​a golden age of mass philanthropy may be coming to an end. According to a recent report of the Institute of Political Studies, of the 256 signatories of the commitment to donate half of their fortune, only nine have fulfilled their promise. Open doors to philanthropy. The approval of the “One Big Beautiful Bill” Act, a fiscal package that imposes a 10% tax to foundations with more than $5 billion in assets, has significantly altered the philanthropic plans of many billionaires. The withdrawal of tax incentives makes donations They are no longer such a priority for great fortunes. According to what he told Fortune Kathleen McCarthy, director of the Center on Philanthropy and Civil Society“The insidious thing about this is that it will seriously affect the large liberal foundations like Gates, Ford and Soros”, which contributed millions of dollars to social, health and educational projects. “Whereas conservative foundations are much smaller and will pay a much lower rate,” McCarthy stressed. New ways to donate. This new scenario, which alienates large foundations from the front line of giving, is pushing philanthropists to look for alternative ways to give and modify their strategies. “Billionaires will begin to look for alternative mechanisms when they realize that they are being forced to close their foundations,” explains McCarthy. Practices like direct donation practiced by MacKenzie Scott, ex-wife of Jeff Bezos, and her Yield Giving foundation are gaining ground. Your strategy: donate the money directly to the organizations that develop the projects. Without intermediaries or segmentation of funds. According to a report of the Center for Effective PhilanthropyScott has already awarded more than $19.25 billion to 2,450 nonprofit organizations. This is how Bella DeVaan, from the Institute for Policy Studies in the article Fortune“I think she sets the trend and is an ethical reference in the way of donating money, as Gates has been.” Buffett’s family legacy. Although the era of massive philanthropy seems to end, Warren Buffett has not stopped giving. With Buffett’s retirement as head of Berkshire Hathaway, the investor has delegated part of his fortune in donations to the charitable foundations of his three children and his late wife. Annually, the veteran investor has been distributing billions in the form of actions to strengthen the family legacy and ensure that its wealth benefits society. However, in his latest donations from the millionaire a striking absence has been noted: the Bill and Melinda Gates Foundation has already does not appear among its beneficiaries. In Xataka | The True Legacy of the Duty Free Founder: How Chuck Feeney Inspired Bill Gates and Warren Buffett Image | Flickr (Fortune Live Media)

They asked Bill Gates and Warren Buffett how they would define their success in one word. They did not hesitate: focus

At 94, Warren Buffett Ha “Hang” your investment notebook After more than six decades as one of the brightest and most accurate investors of Wall Street in front of Berkshire Hathaway. For his part, Bill Gates spent four decades directing Microsoft. Both became Milmillonarios with it and agree that they would never have achieved it if it is not for a key factor: to focus on achieving their goals. Focus on something and be constant. In one Interview for CNBCBuffett said that on one occasion Bill Gates gathered a group of 20 people – among which Bill Gates was – and asked them to write a word that explained their success on paper. “Bill and I had only seen each other twice and we didn’t know what the other was writing. We both wrote the same word: ‘Focus‘” Both Bill Gates and Warren Buffett attribute much of their fortune and legacy to their ability to avoid dispersion and keep the course for decades. For them, the approach and the ability to focus on a single objective is not only a skill, but the basis on which their empires built. While others played, Gates scheduled. As detailed in his autobiographical book ‘Code Source: My beginnings’Adolescent Gates discovered that programming was a creative way of structuring ideas that tests their logical thinking, which made it become obsessed with creating different programs when access to a computer was a scarce resource only reserved for universities and large companies. Gates and his companions of the “Computer Fourth” of high school managed to get free shared access time to one of those expensive computers and learn to program when very few knew how to do it. This obsession with the software has provided a fortune valued at 112.7 billion dollars, according to Forbes Start is an advantage. In An interview For Charlie Rose’s program in 2016, Gates said that “what you do obsessively between 13 and 18 years is what is most likely to take you to global success. The only thing I did obsessively between my 13 and 18 was to write software.” According to Buffett, in the same way as Gates He focused on learningHe did it to learn to invest. “He focused on software. I concentrated on investments. Starting very young gave me a great advantage. There is no doubt about it,” said the investor nonagenarian. According to Times of Indiaat 11 years the “Oracle of Omaha” was already beginning to make his steps in the investments with $ 114.75 that he had saved. With them he bought three actions from the CNIES Service oil and gas company (now called Citgo). Bill Gates became a millionaire at age 20 thanks to the software company he had founded with his secondary school friend Paul Allen. Warren Buffett had to wait until 32 years for his heritage to exceed six figures. Prioritize and avoid distractions. Having clear priorities has been essential for Gates and Buffet not to waste energies in projects that did not bring them closer to their goals. Bill Gates told to CNBC that He had focused all his life In a single project: Microsoft. During his first 20 years leading Microsoft, his routine revolved exclusively around software development, sacrificing weekends and vacations to achieve its goal: that each home had a personal computer. In An interview for Vanity FairPaul Allen, co -founder of Microsoft and Gates’s partner in its beginnings in programming, said that “Microsoft was an environment of great stress because Bill directed others as hard as he did with himself.” Warren Buffett’s strategy: focus and long term. From a young age, Warren Buffett, chose to specialize in long -term investmentsavoiding the temptation to search Quick earnings. Your strategy During all this time it has been based on identifying solid companies, investing in them and maintaining the actions for years or even decades letting the Time and compound interest They would grow their money. Buffett calls this investment style the “snowball effect”. In the Annual Berkshire Hathaway Shareholders Board of 1999Buffett joked with his inverting precocity. “We started building this small snowball at the top of a very long hill. The key is to have a very long hill, either starting very young or living to very old.” The 94 -year -old veteran investor has met both conditions for Finish your career With the fifth greatest fortune in the world, with a “snowball” valued in 156.6 billion dollars. In Xataka | The two Warren Buffet lists: the millionaire investor technique to prioritize professional objectives Image | Flickr (Fortune Live Media), Wikimedia Commons (Jennifer Jacquemart)

The great fortunes are bleeding with the collapse of the bag. Warren Buffett has hit his old recipe again

Financial markets are living A moment of maximum turbulence causing the value of the actions in all markets in the world to collapse from its opening. According to Bloombergsince Thursday, the 500 greatest fortunes in the world already They have lost more than 536,000 million dollarswhile its companies record falls valued by more than 5.4 billion dollars, As he pointed out Reuters. However, meanwhile chaos and justifying the nickname of “Oracle of Omaha”, Warren Buffett seems to have anticipated the collapse taking the appropriate measures to minimize losses. Buffett is the only one whose fortune is not written in red numbers. The devil knows more by old … When Warren Buffett began to get rid of his positions in Some of the main technological ones They were shot in the stock market, many thought that the veteran investor had lost their heads. They continued without understanding anything when the veteran investor accumulated the more than 325,000 million dollars that he obtained from their sales, and He preferred to pay taxes for them to invest again. Today, those who laughed, don’t laugh so much. As stock indices such as S&P 500 are minced– With a collapse of 17% since its February peak, and the Nasdaq falling more than 20% – Buffett’s decision to bet on liquidity and low -risk assets demonstrates its ability to Read the market with enviable precision. His movement has not only allowed him to protect the capital of Berkshire Hathaway, but also increase your own fortune In a context where the vast majority of Milmillonarios is registering losses in the assessment of their assets. As a good veteran In this investmentBuffett’s recipe for these moments of uncertainty is not very different from the one that applied in previous stock market crises: “There is simply no way of knowing how much actions can fall in a short period. However, when important falls occur, they offer extraordinary opportunities for those who are not limited by debts.” In a Opinion article for The New York Times In 2008, the millionaire gave another track about How to anticipate and act before moments like the one we are living: “A simple rule dictates my way of buying: being afraid when others are greedy and being greedy when others are afraid.” After capitalizing a good part of his actions, Warren Buffett now You have the portfolio to overflow with cash and ready to take advantage of generalized falls to buy the best bargains. Therefore, now all eyes are put in the next Buffett movements. The big fortunes lose, but buffett resists The main fortunes record losses so far this year except Warren Buffett. Source: Bloomberg The impact that the announcement of The commercial war that has begun USA has especially hit The technological magnateslike Elon Musk and Jeff Bezos, whose fortunes have been reduced in 130,000 million and 45.200 million Of dollars, respectively, in what we have been in 2025. Larry Ellison, meanwhile, has left 42.1 billion dollars after the last falls and Mark Zuckerberg has lost 28.8 billion so far from 2025. Faced with this scenario, Warren Buffett’s fortune has remained out of generalized losses. Berkshire Hathaway class B actions even They have risen 7.7% this yeardespite suffering a slight correction in the last week, the result of the widespread fall of international bags. But it keeps its green counter so far this year. While others suffer the impact of the international exhibition of their portfolios and the fall of technological ones, Buffett did the homework in 2024diversified their investments to focus on sectors less exposed to imports and with a strong presence in the United States, such as insurance, energy and transport. Buffett not only withdrew a good part of the money from Berkshire Hathaway investors, but also chose to invest that liquidity in short -term treasure bonds, whose profitability has recently increased, thus raffling the collapse of the markets. In his Annual letter to shareholders February, Buffett explained that these bonds offer a “predictable gain” and one effective volatility protection of the market. This approach allowed him to avoid the generalized losses that have affected investors exposed to sectors such as technology, where Apple – one of the old jewels of their portfolio – dropped 28% since its peak, due to their high dependence on China. “Berkshire’s shareholders may be sure that we will always display a substantial part of their money in shares,” he said in his letter, although he adds that, as always, his goal is Companies with good foundations. In Xataka | In January, a group of millionaires supported the US president: they have already lost 209,000 million dollars in their mandate In Xataka | In 2000 Amazon fell 80% in the stock market. Bezos’ response leaves a clear lesson: we must not trust the markets Image | Unspash (Maxim Hopman), Flickr (Fortune Live Media)

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