Warren Buffett Donates $6 Billion in Berkshire Hathaway Stock to Five Foundations
Investor Warren Buffett is donating $6 ... Berkshire Hathaway stock to five foundations, increasing his total contributions since 2006 to approximately $60 billion.
NEW YORK (AP) — Investor Warren Buffett is donating $6 billion worth of Berkshire Hathaway stock to five foundations, bringing his total contributions since 2006 to approximately $60 billion, based on their value at the time of donation. Buffett announced on Friday that nearly 12.4 million Class B shares of Berkshire Hathaway will be delivered on Monday. Each share was valued at $485.68 at the close of trading on Friday. The Bill & Melinda Gates Foundation Trust will receive 9.4 million shares. The Susan Thompson Buffett Foundation will receive 943,384 shares, while the Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation will each receive 660,366 shares. In 2024, Buffett stated his intention to cease donations to the Bill & Melinda Gates Foundation after ... , allowing his three children to determine the distribution of the remainder of his fortune. Berkshire Hathaway's Class B stock has increased by 19.1% over ... past 12 months, surpassing the broader U.S. stock market's ... has accumulated a fortune of approximately $145 billion, primarily through his holdings in Berkshire Hathaway stock. Buffett stated, 'Nothing extraordinary has occurred at Berkshire ... .' He added, 'My will provides that about ... .5% of my estate is destined ... .'