Buffett donates $ 6 billion in Berkshire shares for charities

About 9.43 million SEA shares will be granted to Bill & Melinda Gatees Foundation, according to Saturday’s statement. 2.92 million shares will be donated to its children’s institutions – the Sherwood Foundation, and the Howard J. Puffett and Novo Foundation – as well as the Suzanne Thompson Buffett Foundation, which was named after the late billionaire wife.

The 94 -year -old began pledged in 2010 alongside friends Bill Gates and Melinda, French with the aim of donating Pavite’s wealth, either in his life or at his death. Four years ago, he began making huge donations to the Gates Foundation, as well as institutions related to his children.

“Mathematics of Life Obligations towards the Five Institutions is interesting,” said Buffett. “The five institutions have received Berkshire B shares, which were of value when receiving about $ 60 billion, much more than my wealth completely in 2006.”

Buffett announced earlier this year that he will step down as CEO of the Hathaway Berkshire by the end of 2025, leaving the role to Greg Abel in the second for a long time. Pavit said he would not sell one share of Hathaway, but he will gradually give them.

Read more: Buffett Exit to raise Energy Executive Abel to Berkshire CEO

Buffett’s share in Berkshire is now consisting of 198,117 Series A and 1144 B.C. arrows.

“I have no debts, and its value is about 145 billion dollars, or more than 99 % of my wealth,” said Pavit. “My will states that about 99.5 % of my real estate is intended for charitable use.”