Warren Buffett Donates Record $5.3 Billion in Berkshire Shares to Five Charities

Jun 28, 2024, 12:49 PM

Warren Buffett, the 93-year-old billionaire investor, has announced a significant philanthropic move by donating up to $5.3 billion worth of Berkshire Hathaway shares to five charities on Friday. This marks his largest annual donation since he began his philanthropic efforts in 2006. The beneficiaries of this record donation include the Bill & Melinda Gates Foundation, the Susan Thompson Buffett Foundation, the Sherwood Foundation, the Howard G. Buffett Foundation, and one other unnamed charity. Additionally, Buffett revealed that most of his wealth will be directed to a new charitable trust overseen by his three children after his death. He emphasized that the Gates Foundation will not receive any more funds from his estate posthumously. This decision provides a preview of Buffett's will and his plans for his $130 billion fortune, which will be made public upon his passing.