arren Buffett has outlined a timetable by which he wants most of his $48.4bn (œ25bn) fortune donated to charity. The world's second-richest man revealed last year that five charitable foundations would gain from his shares in holding company Berkshire Hathaway.
Mr Buffett told Berkshire shareholders on Thursday he wanted proceeds from his stock given to charities "within 10 years after my estate is closed". The tycoon plans to donate about $37bn to Bill Gates' charitable foundation. Mr Buffett, known as the "sage of Omaha" for his relentless success in investments, said he anticipated his estate should be settled within three years of his death. "I've set this schedule because I want the money to be spent relatively promptly by people I know to be capable, vigorous and motivated," the 76-year-old said
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