Investor Warren Buffett has announced another $5.3 billion in charitable gifts Friday.
FILE - Warren Buffett , chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., May 5, 2019. Buffett is giving away another $5.3 billion worth of Berkshire Hathaway stock to five foundations in accordance with his longtime giving plan.
“It should be used to help the people that haven’t been as lucky as we have been,” Buffett told the Journal. “There’s eight billion people in the world, and me and my kids, we’ve been in the luckiest 100th of 1% or something. There’s lots of ways to help people.” “Warren Buffett has been exceedingly generous to the Gates Foundation through more than 18 years of contributions and advice," Suzman said."He has played an invaluable role in championing and shaping the foundation’s work to create a world where every person can live a healthy, productive life. We are deeply grateful for his most recent gift and contributions totaling approximately $43 billion to our work.
“Nothing extraordinary has occurred at Berkshire; a very long runway, simple but generally sound capital deployment, the American tailwind and compounding effects produced my current wealth,” Buffett said in a statement. “My will provides that more than 99% of my estate is destined for philanthropic usage.”and the Gates Foundation make their own decisions about how to distribute his gifts.
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