Warren Buffett has given $5.3 billion worth of Berkshire Hathaway stock to five different nonprofits. This is the most he has given each year since 2006. This big gift, which was revealed on Friday, is made up of about 13 million Class B shares of Berkshire Hathaway.
Buffett, who is 93 years old, is famous for giving back to the community for a long time. A lot of his money came from working at Berkshire Hathaway for many years. He has promised to give away more than 99% of it. He has been running the company from its offices in Omaha, Nebraska, since 1965.
The Bill & Melinda Gates Foundation will receive a large part of this year’s gift, which amounts to 9.93 million shares. The Susan Thompson Buffett Foundation, which is named after his late first wife, will also get 993,035 shares. Also, 695,122 shares will be given to each of the organizations that his children, Howard, Susan, and Peter, run. The Howard G. Buffett Foundation, the Sherwood Foundation, and the NoVo Foundation are these groups.
Even though he has given away more than half of his Berkshire shares, Buffett is still worth $134.3 billion, making him the eighth richest person in the world, according to Forbes.