American business magnate, investor, and philanthropist Warren Buffett, on Tuesday donated about $4 billion to the Bill & Melinda Gates Foundation Trust and four family charities,
The 91 years old Buffett who is the chairman and CEO of Berkshire Hathaway is one of the most successful investors in the world and has a net worth of over $113 billion as of June 202
Reuters report that the donation was part of the billionaire’s pledge to give away nearly all of his net worth.
According to the report, the donation comprises about 14.4 million of its Class B shares, whose closing price on Tuesday was $277.64.
Eleven million shares will go to the Bill & Melinda Gates Foundation, and 1.1 million will go to the Susan Thompson Buffett Foundation, named for Buffett’s late first wife.
Another 770,000 shares will also go to each of three charities run by Buffett’s children Howard, Susan and Peter: the Howard G. Buffett Foundation, the Sherwood Foundation and the Novo Foundation.
Since 2006, the 91-year-old Buffett has donated more than half of his Berkshire shares, with the donations worth about $45.5 billion at the time they were made
