Warren Buffett gives 6 billion dollars in Berkchire shares

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Warren Buffett said he would donate about 12.4 million posts in Berkchire Hathaway to five charities.Natat Harnik/AP photos
  • Warren Buffett has just dropped the latest charitable donation – worth $ 6 billion from the shares of Hathaway.

  • Berkshire Chairman said that he will donate about 12.4 million category B to five charities.

  • Buffett pledged to abandon the majority of his wealth for charitable reasons.

Warren Buffett announced his latest charitable donation – which is approximately $ 6 billion in Hathaway’s shares.

The 94 -year -old Berkshire Board of Directors announced on Friday that he will donate about 12.4 million degrees B to five institutions.

Most shares-about 9.4 million ($ 4.6 billion)-go to Bill & Melinda Gates Foundation, which was founded by Microsoft founder and his former wife.

The Suzanne Thompson Buffett Foundation, which was named after the first wife of Buffett, will receive about 943,000 shares, while nearly 660,000 are dedicated to each of the Sherwood Foundation and the Howard C. Pavite, and the Novo Foundation, according to a statement.

Puffett, whose clear wealth from Friday reached 152 billion dollars, according to the Bloomberg billionaires index, Pledge in 2006 To abandon the vast majority of his wealth for charitable reasons, and since then made major annual donations to these institutions.

In a statement on Friday, some mathematics set his pledge for 2006: “When I originally made, I owned 474,998 shares of Berkshire worth about $ 43 billion and those shares represent more than 98 % of my net value. I turned shares to B shares before contributions.”

“During the next 19 years, I did not buy or sell any A or B shares and I am not intended to do so.” “The five institutions have received Berkshire B shares, which had value when receiving about $ 60 billion, more than a whole net wealth in 2006.

In thinking about his success, Buffett added that “nothing is unusual” happened in Berkshire, and instead indicates “a very long runway, simple and public decisions in general, the American concentrated effects and vehicle effects.”

Its share in Berkshire now includes 198,117 shares A and 1144 category shares B.

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