leadf
logo-loader
viewBerkshire Hathaway

Warren Buffett gifts US$3.4bln to five foundations

Five foundations were the recipients of about 17.7mln shares, with a current value of US$3.4bln

1531775683_WarrenBuffet_353934110.jpg
Today's contribution was the billionaire’s largest in his plan to give away his fortune

Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) announced today that chairman Warren E. Buffett has converted 11,867 of his Class A shares into 17,800,500 Class B shares and donated 17,696,780 of those shares to five foundations. 

The shares have a current value of $3.4bln. 

The foundations include the Bill & Melinda Gates Foundation, Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation. 

Buffett has never sold any shares of Berkshire Hathaway. With the current gift, about 43% of his 2006 holdings have been given to the five foundations.

Their value at the time of the gifts, including the 2018 gift, totals about US$31bln.

Quick facts: Berkshire Hathaway

Price: 208.72 USD

NYSE:BRK.B
Market: NYSE
Market Cap: $498.47 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Learning Technologies Group reports 'robust and resilient performance' for...

Learning Technologies Group's (LON:LTG) Jonathan Satchell says its half year results to June 2020 were 'robust and resilient'. The six month period saw an increase in underlying adjusted earnings before interest and tax (EBIT) to £20.1m (excluding non-cash items) from £19.4m the year...

11 hours, 48 minutes ago

2 min read