Tuesday 17 July 2018

Warren Buffett donates $3.4 billion to Gates Foundation, 4 other charities

Warren Buffett

Warren Buffett has donated roughly $3.4 billion of Berkshire Hathaway Inc stock to five charities, the billionaire's largest contribution in his longstanding plan to give away his fortune. Buffett's 13th annual donation comprised about 17.7 million Class "B" shares of Berkshire, valued at $192 each as of Monday's market close. The largest block went to the Bill & Melinda Gates Foundation. Buffett's own foundation, named for his late first wife Susan, and charities run by his children Howard, Susan and Peter received the rest. ALSO READ: Warren Buffett starts to say goodbye to a pile of equity-index options Buffett, 87, has since 2006 made more than $30.9 billion in donations to the charities, including roughly $24.5 billion to the Gates Foundation. His largest previous annual donation had been $3.17 billion, in 2017.

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