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Ever notice how the richest people sometimes raise the most grounded kids? Warren Buffett's children are basically the perfect case study for this.
So here's the thing about Warren Buffett's children - Howard, Susan, and Peter are now in their early 70s, and they're about to inherit something wild. Their dad is worth around $166.7 billion, making him one of the five richest people alive. Yet his kids won't see most of it. And honestly? They seem totally fine with that.
Buffett has been pretty clear about his parenting philosophy for decades. Back in the 80s, he told Fortune that his kids would "carve out their own place in this world" and that he wouldn't give them "a lifetime supply of food stamps just because they came out of the right womb." The sweet spot, he figured, was leaving them "enough money so that they would feel they could do anything, but not so much that they could do nothing."
What's wild is that Buffett's actually giving away almost everything. He and Bill Gates started the Giving Pledge in 2010, and Buffett took it further than most - he's already donated $62 billion to charity and plans to give away 99% of what's left. His kids aren't fighting him on this. Peter actually said in an interview that when he hit rough times in his 20s, his dad refused to give him a loan. Instead, he got something he valued more - support, respect, and the space to figure things out himself.
Now, here's where it gets interesting. While Warren Buffett's children won't inherit his personal fortune directly, they'll end up controlling something massive. When he passes, his estate will funnel into a charitable trust they'll administer - and that trust will hold 99% of his wealth. For perspective, that's way more than the Bill and Melinda Gates Foundation endowment, which sits around $75.2 billion.
Their mother left each of them $10 million back in 2004, which became seed money for their own foundations. Buffett then donated $3 billion to each of their foundations. So while Warren Buffett's children won't be billionaires themselves, they're about to become three of the most powerful philanthropists on the planet. The real inheritance? The values and the platform to actually change things.