Billionaire Warren Buffett says his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it is about Bill Gates’ ties to convicted sex offender Jeffrey Epstein.

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The billionaire Berkshire Hathaway chair instead donated thousands of shares in his company to four foundations run by his children.

Family charities receive $6bn as Gates Foundation misses annual donation after Epstein disclosures

Warren Buffett is donating six billion dollars in stock to four family foundations. This significant shift ends a long-standing philanthropic partnership with the Gates…