Billionaire investor Warren Buffett has announced a donation of $5.3 billion in Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and four family charities, marking his largest annual donation since 2006.
The donation includes approximately 13 million Berkshire Class B shares, with 9.93 million going to the Gates Foundation and 993,035 to the Susan Thompson Buffett Foundation.
Additionally, 695,122 shares would be donated to each of three charities led by Buffett’s children: the Howard G. Buffett Foundation, the Sherwood Foundation, and the NoVo Foundation.
This latest donation brings Buffett’s total giving to approximately $57 billion, including donations made to family charities in the last two Novembers.
Despite having given away more than half of his Berkshire shares, Buffett remains the world’s eighth richest person, with a net worth of $134.3 billion prior to the latest donations.
Buffett, 93, has pledged to give away more than 99% of his fortune, which he built through his leadership of Omaha, Nebraska-based Berkshire Hathaway since 1965.
Berkshire is an approximately $880 billion conglomerate with diverse holdings including the BNSF railroad, Geico car insurance, and stocks such as Apple.
In a statement, Buffett noted that his wealth had grown significantly since he began donating in 2006, thanks to the benefits of compounding and “simple and generally sound capital deployment” at Berkshire.
He also co-founded the Giving Pledge with Bill Gates, which has inspired 245 individuals, including Sam Altman, Michael Bloomberg, Elon Musk, and Mark Zuckerberg, to commit at least half of their wealth to philanthropy.
Boluwatife Enome
Follow us on:
President Tinubu has sought Senate confirmation of Olufemi Oluyede as Chief of Army Staff, citing…
Israeli PM Netanyahu faces potential arrest in the UK as Downing Street pledges to fulfill…
A second Australian teenager has died of suspected methanol poisoning in Laos, bringing to six…
https://www.youtube.com/watch?v=mFlFl1mPGC8 The arrest of self-proclaimed Prime minister of the Biafra Republic, Simon Ekpa who was…
Gatwick Airport's South Terminal was evacuated after a suspected prohibited item was found, prompting bomb…
Trump is considering Kevin Warsh for Treasury Secretary, with a future possibility of him becoming…
View Comments
(08138559865) (+234_815__8559_865)
Anywhere in Nigeria, place your order now.. Pprove by the INTERNAL ofNG,, opportunities to get a car of your choice at a minimum price E-Auction Vehicles/Cars For Sale of Rice...Motor
Mama Africa #17,000 •Tomatoes Rice # *15,000* •Cap Rice #15,000 •My Food #17,000 •Mama Gold #17,500 •Ade Brazil #15,000 •Elephant Gold #15,000 •Royal Umbrella #15,000 Etc.
Golf3= 400,000
((08138559865) (+234_815__8559_865)
Toyota Exterra=850,000
Toyota Camry big daddy=650,000
Toyota Venza= 1.7million
Toyota Avalon=850,000
Toyota Rav4=950,000
Toyota Prado=1.3million
TOYOTA HILUX=2million
Toyota Sienna=850,000
TOYOTA 4-RUNNER=950,000
Toyota Corolla=650,000
Toyota Matrix= 700,000
Toyota Highlander=950,000
Toyota Picnic=500,000
Tacoma 1.850,000
Toyota Hiace Bus=950,000
Toyota Tundra=1.5million
Toyota Sequola=900,000
BMW 5-series=1.960,000
BMW 3-series=1.640,000
BMW X6=2.670,000
Ford Edge=700,000
Ford Escape=600,000
Honda Elantra=600,000
Honda Baby-Boy=700,000
Dyna Truck 900k
TIPPER Head 6mill
Honda Accord=550,000
Honda CRV=650,000
HONDA CIVIC=500,000
HONDA EVIL-SPIRIT=750,000
HONDA ODYSSEY=500,000
Honda Pilot=850,000
Nissan pathfinder=800,000
Nissan Amanda=750,000
Infinity=950,000
Benz C250=N1.300,000
Benz C300=1.6MILLION
Benz ML350=2 million
Benz ML300=1.5 million
Benz ML550=2.6million
Mercedes-Benz C-Class ₦1.3Million
Mercedes-Benz E-Class ₦1.8Million
Mercedes-Benz GLK ₦3.Million
Es330 1.6
Lexus C5 350=950,000
IS250 1m
Lexus Rx300=1.2 million
Lexus Rx330=1.5 million
Is350 2mill
Gx470 1.8mill
Lexus Rx350= 2 million
ES350 2mill