2023-06-23 00:28:00
Warren Buffett (92), a well-known American investor, donated $4.64 billion worth of stock in Berkshire Hathaway, which he leads, to five charities on the 21st. The photo is by Mr. Taken May 6, 2018 in Omaha, Nebraska, USA. (2023 REUTERS/Rick Wilking)
(Archyde.com) – Billionaire investor Warren Buffett donated $4.64 billion worth of Berkshire Hathaway stock to five charities on Wednesday. This brings the total donations since 2006 to more than $51 billion.
Buffett makes an annual donation. Overall, about 13.7 million shares of Berkshire stock (class B) were transferred this year.
Buffett reduces the number of Berkshire shares he donates by 5% each year. But this year, with Berkshire’s stock price soaring, the dollar-denominated donation hit a record high.
He transferred 10.45 million shares to the Bill & Melinda Gates Foundation, which was established by Microsoft founder Bill Gates, and has donated more than $39 billion to the foundation.
Buffett has donated more than half of his Berkshire stock. After the transaction, Buffett’s stake will be worth more than $112.5 billion, or 15.1%.
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