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Warren Buffett has just cut his latest charity donation – Berkshire Hathaway’s stock worth $ 6 billion.
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The Berkshire president said he would donate about 12.4 million class B to five charity.
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Buffett has pledged to donate most of his wealth to philanthropic reasons.
Warren Buffett has announced his latest charity donation – incredible stocks in Berkshire Hathaway worth $ 6 billion.
Berkshire’s 94-year-old president announced on Friday that he would donate about 12.4 million class B to five foundations.
Most of the $ 9.4 million ($ 4.6 billion)-Melinda Gates Foundation, which was founded by the co-founder of Microsoft and his ex-wife, are also referring to the Foundation.
The Susan Thompson Buffett Foundation, named after Buffett’s first wife, should receive about 943,000 of the actions, while about 660,000 are intended for each of the Sherwood Foundation, the Howard G. Buffett and the Novo Foundation said in a statement.
Buffett, whose net worth of Friday was $ 152 billion, according to Bloomberg’s billionaires index, promised in 2006 To give the vast majority of his wealth for philanthropic reasons, and he has since made great annual donations to these foundations.
In a statement on Friday, he noted part of the math behind his 2006 pledge: “When I originally made it, I owned 474,998 Berkshire A shares worth about $ 43 billion and those shares represented more than 98% of my net value. I turned stocks into stocks before doing.”
“Over the next 19 years, I neither bought nor sold shares A or B, nor do I intend to do it,” he continued. “The five foundations received shares of Berkshire B that were worth about $ 60 billion, significantly more than all my net value in 2006. I have no debts, and the remaining shares are worth about $ 145 billion, which is over 99% of my net value.”
Thinking about his success, Buffett added that “nothing extraordinary” happened in Berkshire, rather than pointing out “a very long runway, simple and generally healthy decisions, American tails and complex effects.”
His stake in Berkshire now contains 198.117 Class A and 1,144 shares of Class B.
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