Warren Buffett Reduces Berkshire Holdings to 206,363 Shares, Donates $1.14 Billion to Family Foundations, Oversees with Three Trustees

Nov 25, 2024, 01:33 PM

Warren Buffett, the CEO of Berkshire Hathaway, has significantly reduced his holdings of the company's Class A shares to 206,363, marking a 56.6% decrease since his 2006 pledge. As part of his ongoing philanthropic efforts, Buffett has donated approximately $1.14 billion worth of Berkshire shares to four family foundations. This donation is part of a broader commitment he made nearly two decades ago to distribute his wealth. Buffett, who has a personal fortune estimated at $150 billion, has appointed three independent trustees to oversee his philanthropy, emphasizing his stance against creating 'dynastic' wealth. He has also indicated that upon his death, his children will be responsible for gradually distributing all of his Berkshire holdings.