Warren Buffett announced that he has donated roughly $4 billion worth of his conglomerate Berkshire Hathaway’s stock to charitable foundations for his 17th annual summer gift. That brings his total lifetime giving to a record $48 billion.
As part of his annual summer gift, the legendary investor and world’s top philanthropist has donated another $4 billion worth of shares of his conglomerate Berkshire Hathaway.” announced Tuesday that he has donated roughly $4 billion worth of his conglomerate Berkshire Hathaway’s stock to charitable foundations for his 17th annual summer gift. That brings his total lifetime giving to a record $48 billion.
The recipients of the shares are the same five foundations he’s given to every year since 2006. The Bill & Melinda Gates Foundation, from which Buffett stepped down as an inactive trustee last June, received roughly $3.1 billion of Berkshire stock.
Buffett's latest gift further solidifies his place as the likely biggest philanthropist of all time. As of January,estimated the Oracle had given away $46.1 billion to charity, outpacing runners-up Bill and Melinda Gates, with whom he cofounded the giving pledge in 2010, by just over $10 billion. He’s the first person ever to have given $48 billion away.
Much of Buffet’s lifetime giving—amounting to some $2 billion to $3 billion worth of stock annually in recent years—has gone to the Gates’ foundation, which has put it to work on poverty and healthcare initiatives in developing countries and education in the U.S.estimates that Buffett was worth $100.2 billion at the close of trading Tuesday, before taking into account his latest gift.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bidder shells out $19 million for lunch with Warren Buffett; benefits GLIDE FoundationAn anonymous bidder has shelled out a record $19 million for a private lunch with billionaire Warren Buffett at a steakhouse in New York City.
Read more »
Anonymous Bidder Shells Out Record $19M for Charity Lunch With Warren BuffettThe meal with the Berkshire Hathaway CEO was offered on an eBay auction to benefit the San-Francisco-based charity GLIDE, which helps homeless people and those in poverty.
Read more »
Someone paid $19 million for a steak lunch with Warren BuffetThere really is no such thing as a free lunch.
Read more »
Warren Buffett's final charity lunch draws record $19M bidThis year's event will be the first private lunch offered with the 91-year-old billionaire since the previous record-setting bid of $4.5 million by cryptocurrency entrepreneur Justin Sun in 2019.
Read more »
Warren Buffett's final charity lunch draws record $19M bidOMAHA, Neb. (AP) — An anonymous bidder has shelled out a record $19 million for a private lunch with billionaire Warren Buffet at a steakhouse in New York City. The meal with the Berkshire Hathaway CEO was offered on an eBay auction to benefit the San-Francisco-based charity GLIDE, which helps homeless people and those in poverty.
Read more »
Anonymous Bidder Shells Out Record $19M for Charity Lunch With Warren BuffettThe meal with the Berkshire Hathaway CEO was offered on an eBay auction to benefit the San-Francisco-based charity GLIDE, which helps homeless people and those in poverty.
Read more »