$716,000

The mystery of Buffett's huge cash holdings may finally be uncovered. 94-year-old Buffett can no longer take action, and with no one to inherit his business, he has begun to reveal his arrangements for after his passing: to be distributed to family charitable foundations. Buffett said, "Death always comes; it makes life unpredictable and cruel. Sometimes it visits an infant in a cradle, and sometimes it takes a century to find you. Looking back, I have been very lucky, but the price is that my children have little time left; they are 71, 69, and 66 years old respectively."

This was the opening of a letter Buffett wrote to Berkshire shareholders on the 25th. This time, Buffett converted 1,600 shares of Berkshire Class A stock into 2.4 million shares of Class B stock, and then donated these Class B shares to four family charitable foundations. Berkshire Class A shares are among the most valuable stocks in the world, with each share priced at $716,000. This is just the initial action for his arrangements, and in the letter, he also elaborated on the plan for his afterlife arrangements. AsiaFinance had previously studied Buffett's greatest regret, which may be that none of his three children can carry on his legacy; his business has no successor.

Buffett clearly stated that the core idea of his will plan is: wealthy parents need to leave their children an appropriate amount of money that is enough for them to do what they want to do, but not enough for them to live off it for a lifetime. Buffett also indicated that he will still adhere to his 2006 commitment to donate all his shares in Berkshire to family charitable foundations. Buffett noted that Berkshire shares account for 99.5% of his total personal wealth. The inheritance he ultimately leaves to his three children will only account for 0.5% of his personal wealth. Buffett's personal wealth is approximately $150 billion. $BTC #美国GDP数据即将公布