Warren Buffett donates $758 million in Berkshire shares – NewsUnfolded

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Bloomberg | | Posted by Yagya Sharma

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Warren Buffett donated Berkshire Hathaway Inc. stock valued at more than $758 million to charities, including one named after his late wife.

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Buffett donated 1.5 million Class B shares to the Susan Thompson Buffett Foundation and 300,000 shares each to the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation on Wednesday, according to a filing. Buffett made the donation after converting 1,600 Class A shares into 2.4 million Class B shares.

Buffett, 92, is the world’s sixth-richest person with a $110.4 billion net worth, according to the Bloomberg Billionaires Index.

In 2010, he started the Giving Pledge, with his friends Bill Gates and Melinda French Gates, saying he would donate 99% of his fortune, either in his lifetime or at his death. He’s already given more than $32 billion worth of Berkshire stock to the Bill & Melinda Gates Foundation and has given regularly to his family members’ foundations.

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