Buffet is absolutely in control, but (legally) it is not HIS capital.
It legally belongs to the trust or foundation, but HE controls the trust or foundation. So, it is no different really than if he owned it, but legally he does not, which creates a beneficial sitiuation for him.
"Own nothing; control everything." -- John D. Rockefeller
Close, but not qute.
Buffet is absolutely in control, but (legally) it is not HIS capital.
It legally belongs to the trust or foundation, but HE controls the trust or foundation. So, it is no different really than if he owned it, but legally he does not, which creates a beneficial sitiuation for him.
"Own nothing; control everything." -- John D. Rockefeller