Billionaire investor Warren Buffett has announced the donation of $6 billion worth of Berkshire Hathaway shares to five philanthropic foundations, continuing his long-standing charitable commitment.
Billionaire investor Warren Buffett has announced a donation of $6 billion worth of Berkshire Hathaway shares to five philanthropic foundations. This latest contribution continues Buffett’s long-standing commitment to giving away the majority of his wealth. Since 2006, he has donated approximately $60 billion in Berkshire Hathaway stock.
In this round, Buffett will donate 12.4 million Class B shares, each valued at $485.68. The largest portion—9.4 million shares—will go to the Bill & Melinda Gates Foundation Trust. The remaining shares—943,384 each—will be equally distributed among four other foundations: the Susan Thompson Buffett Foundation, the Sherwood Foundation, the Howard G. Buffett Foundation, and the NoVo Foundation.
Berkshire Hathaway, the company Buffett leads, owns a diverse range of businesses including GEICO and Dairy Queen. This donation reinforces Buffett’s philanthropic mission and his pledge to contribute most of his fortune to charitable causes.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
