Bill Gates is well and truly out in the cold after his closest billionaire friend, Warren Buffett, axed the Gates Foundation from his yearly charity donations over the Jeffrey Epstein scandal.

On Tuesday, Mr. Buffett — one of the world’s wealthiest people and biggest philanthropists — declined to give billions of dollars to the Gates Foundation, as was his habit for two decades.

Buffett said he plans to donate 9,000,000 shares to the Susan Thompson Buffett Foundation, as well as 1,000,000 shares each to the Sherwood Foundation, Howard G. Buffett Foundation and Novo Foundation...