Charity record by Warren Buffett. Croesus donated another $ 6 billion on Friday to Berkshire Hathaway’s shares at the Gates Foundation and in four family charities reported Reuters. This is his biggest annual donation since he began to donate his fortune almost two decades ago.
The donation of about 12.36 million Berkshire Class B shares increased Buffet’s total donation to charities to over $ 60 billion.
He donated 9.43 million shares to the Gates Foundation, 943,384 shares at the Susan Thompson Buffet and 660,366 shares in each of the three charities led by his children, Hauard, Susi and Peter:
Warren Bafet still holds 13.8% of Berkshire’s shares, based on the reported circulation shares.
His net property worth $ 152 billion before Friday’s donations made him the fifth richest man in the world, according to Forbes magazine.
Buffet will be in sixth place after donations, which exceeded the $ 5.3 billion he donated last June. It donated another $ 1.14 billion to family charities last November.
In a statement, Buffett argued that he did not intend to sell Berkshire shares.
In his 94 years, Buffett began to donate his fortune in 2006.
He changed his covenant last year, setting 99.5% of his property left after his death at a charity supervised by his children.
They will have about a decade to distribute the money, and they have to decide unanimously where they will be available. Susie Buffett is 71 years old, Howard Buffet is 70 years old and Peter Buffet is 67 years old.
Source: Skai
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