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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Mozambikes, a for-profit social venture, was formed during a road trip across Mozambique. The founders of Mozambikes aim to improve the quality of life among rural Mozambicans by providing low-cost, efficient personal transportation.