With a record donation of US $ 6,000 million in Berkshire Hathaway shares, Warren Buffett reaffirms its commitment to philanthropy, exceeding US $ 60,000 million contributed in the last two decades. This is its greatest annual contribution since 2006.
The renowned American investor Warren Buffett made a new donation of US $6,000 million in actions of Berkshire Hathawaythus marking its greatest annual contribution since it began its commitment to philanthropy in 2006.
The donation, specified the past June 29it consisted of 12.36 million class B shares of its conglomerate and was destined to the Bill and Melinda Gates Foundationas well as four family entities headed by their children.
With this contribution, Buffett – 94 years old – channeled More than US $ 60,000 million towards beneficial causes in the last two decades. Most of the current package, some 9.43 million shareswas assigned to the Gates Foundation. The rest was distributed among the Susan Thompson Buffet Foundationwhich bears the name of his first wife, and the organizations of his children: Howard G. Buffett Foundation, The Sherwood Foundation and Novo Foundationwith 660,366 actions For each one.
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Buffett’s plan in his retirement
Despite its generosity, Buffett still controls 13.8% of Berkshire Hathaway’s sharesstaying as one of the most relevant shareholders of the holding. Before the announcement, his assets was valued in U $ S152,000 millionlocating it the fifth richest person in the world according to Forbesalthough after this donation he would have descended to Sixth place.
The businessman also reiterated that Does not plan to sell shares of the company and recalled that he modified his will in 2023 to establish that the 99.5% of its remaining fortune will be transferred to a beneficial trust administered by his children Once you die. They will have ten years to distribute those funds and must do so through consensual decisions.
Buffet has been in charge of Berkshire Hathaway since 1965transforming it into a conglomerate of more than U $1 billionwith strategic shares in companies such as Apple and American Expressand direct owner of more than 200 companies.
While it was one of the greatest benefactors of the Gates Foundation, Buffett clarified that his donations to that entity will cease after their deathreaffirming its long -term vision on family philanthropy.
Source: Ambito
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