Loading...
Loading...
Browse all stories on DeepNewz
VisitWhich Buffett child will be most involved in philanthropy by end of 2025?
Howard Buffett • 25%
Susan Buffett • 25%
Peter Buffett • 25%
None/Other • 25%
Public reports or announcements regarding involvement in philanthropic activities
Buffett Converts Class A Shares to Donate $1.14 Billion to Family Foundations
Nov 25, 2024, 01:41 PM
Warren E. Buffett, who has amassed a personal fortune of $150 billion, has announced plans to donate approximately $1.14 billion worth of Berkshire Hathaway shares to four family foundations, fulfilling part of a charitable pledge he made nearly two decades ago. This donation includes the conversion of 1,600 Class A shares into 2.4 million Class B shares, reducing his Class A holdings to 206,363 shares, a 56.6% decrease since his 2006 pledge. Buffett has also named three potential successor trustees to oversee his philanthropy in the event his children cannot fulfill this role, emphasizing his commitment to not creating a 'dynastic' wealth and ensuring his fortune is distributed responsibly.
View original story
Howard Buffett • 25%
Susan Buffett • 25%
Peter Buffett • 25%
All equally active • 25%
Trustee 1 • 25%
Trustee 2 • 25%
Trustee 3 • 25%
Other • 25%
Yes • 50%
No • 50%
Family Member • 25%
Business Associate • 25%
Philanthropy Expert • 25%
Other • 25%
Education • 25%
Healthcare • 25%
Poverty Alleviation • 25%
Other • 25%
Bill & Melinda Gates Foundation • 20%
Susan Thompson Buffett Foundation • 20%
Sherwood Foundation • 20%
Howard G. Buffett Foundation • 20%
Other unnamed charity • 20%
All shares distributed • 25%
More than 50% distributed • 25%
Less than 50% distributed • 25%
No shares distributed • 25%
Less than $1 billion • 25%
$1 billion to $5 billion • 25%
$5 billion to $10 billion • 25%
More than $10 billion • 25%
$150 billion to $160 billion • 25%
Above $160 billion • 25%
Below $140 billion • 25%
$140 billion to $150 billion • 25%