In a bold and heartfelt announcement, a notable billionaire revealed that everything he owns, including his shares in Berkshire Hathaway, will be given away. But before you start imagining golden chalices overflowing with cash for his great-grandchildren, let’s pump the brakes a bit—this charitable endeavor won’t kick off until a decade after his estate has been settled. That’s right, folks! The money train is taking a leisurely stroll down memory lane before it hits the generosity freeway.

Now, why the delay, you might wonder? It turns out, the philanthropist has ten great-grandchildren who might find themselves in a tough spot when it comes to handing out billions of dollars in the future. Can you picture it? A great-grandchild standing at the Dairy Queen counter, looking perplexed at the long list of smoothie options. They may love their smoothies, but that doesn’t quite prepare them for doling out huge sums of money decades down the line. This billionaire seems to think they might not be the best candidates to manage such immense wealth, given the many unknowns that will come with time.

He’s got a point. The world will look very different in 30 to 50 years, and the challenges of tomorrow are impossible to predict today. Instead of leaving his fortune to chance, he plans on being hands-on—well, as hands-on as one can be from six feet under. By getting to know the recipients of his wealth, he hopes to ensure that they have both the passion and the energy necessary to make wise decisions about how to use that money for good.

This billionaire isn’t just throwing cash at random charities left and right. He is committed to understanding who will be on the receiving end of his generosity. Are they passionate, innovative, and dedicated? Do they have skin in the game by investing their own money? These are just a few questions that guide his approach. After all, he believes that while there will be plenty of wealth floating around in the future, directing it wisely is what truly matters.

This very unique approach leads to the creation of what he terms a “giving pledge.” A promise to steer his funds towards initiatives and individuals who are equipped to make a difference. The lesson here is clear: generational wealth can be a double-edged sword. While it has powerful potential to create change, it also requires thoughtful stewardship from those tasked with wielding it. So, here’s to a future where giving isn’t just about having money to toss around, but about finding the right people to make that money work for the greater good! Cheers to thoughtful philanthropy!