← Back to home

Business2 hr ago

Buffett: Gates’ Epstein Ties Not Reason for Ending Donations

By TrendingWire Newsroom

Warren Buffett, the billionaire investor and CEO of Berkshire Hathaway, stated in a recent CNBC interview that his decision to stop funding the Bill & Melinda Gates Foundation was not motivated by Bill Gates’ association with Jeffrey Epstein. Epstein, a financier convicted of sex trafficking, had ties to Gates, which became public after Epstein’s death in 2019. Buffett has been a longtime friend and philanthropic partner of Gates, having pledged much of his fortune to the Gates Foundation over the years. However, in 2021, Buffett stepped down from the foundation’s board and ended most of his donations. Speculation arose that his departure was linked to Gates’ relationship with Epstein. During the interview, Buffett dismissed that theory, saying the decision was based on other factors and had been planned for some time. He did not provide further details on what prompted the change. The Gates Foundation has continued its work in global health, education, and poverty alleviation. Buffett remains one of the world’s most successful investors and is known for his annual shareholder letters and charitable giving. The interview has drawn attention as it sheds light on the relationship between two of the most prominent figures in philanthropy.

Sources: CNBC

More in Business

Business2 hr ago

China Urges UK to Resolve British Steel Nationalisation Fairly

China has formally warned the United Kingdom over its decision to fully nationalise British Steel, demanding a fair and just resolution. The Chinese government expressed concern that the move, which involves the national

Business5 hr ago

K-Beauty Sales in US Projected to Hit $4 Billion by 2026

Korean beauty products, often called K-beauty, are becoming more popular in the United States. A new forecast from Morgan Stanley predicts that sales of these products in the U.S. could reach about $4 billion by 2026. Th

Business6 hr ago

Mexico Rate Cut and Colombia Vote Shift Focus for Major Firms

Mexico’s central bank, Banxico, lowered its benchmark interest rate by 25 basis points to 6.50% on May 7, 2026. This is the lowest rate since April 2022. The move aims to support economic growth amid changing global cond

Business6 hr ago

China's New Battery Tax Hits Chilean Lithium Miner SQM

China announced a new consumption tax on lithium-ion batteries, ending a long-standing exemption in place since 2015. The tax starts at 2% in September 2026 and rises to 4% in 2027. This move sent shares of Chilean lithi

Business7 hr ago

Gazundering on the Rise: How Home Sellers Can Protect Themselves

Gazundering — when a buyer lowers their offer just before the deal is finalized — is becoming a growing concern in the UK property market. The practice, which can leave sellers scrambling, often happens when market condi

Business8 hr ago

Cyrela Reports Higher Sales and Launches Despite Stock Near Low

Brazilian homebuilder Cyrela reported a 14% increase in sales to R$2.56 billion ($502 million) in the second quarter of 2026. The company also saw a 34% jump in new project launches compared to the same period last year.