Buffett had committed over 99% of his estate to philanthropic purposes, primarily through the Bill & Melinda Gates Foundation and four family-related charities.
Buffett has recently outlined how his substantial fortune will be managed after his death.
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First Enterprise Business Agency (FEBA), a Nottingham-based business support organization, is a contender for two categories at the first Citi Microentrepreneurship Awards to be held this coming February.