Buffett Gives Nearly $3.2B to Gates Foundation (and 4 Other Charities)
Warren Buffett is known for his generous charitable donations, and this time is no different. Just this past Monday, Buffett donated a record $3.17 billion to these five charities: The Bill & Melinda Gates Foundation, the Susan Thompson Buffett Foundation, the Howard G. Buffett Foundation, Sherwood Foundation and NoVo Foundation, as reported by CNBC. The bulk of the donation—a reported $2.4 billion—went towards to the Gates Foundation.
The nearly $3.2 billion was from 18.63 million class “B” shares of Berkshire, which were valued at $170.25 per share at Monday’s market close. With this donation, the Berkshire Hathaway chairman has donated $27.54 billion since 2006—$21.9 billion of which has been donated to the Gates Foundation.
While this is a sizeable donation, Buffett still remains the fourth wealthiest person in the world, with an estimated net worth of $73 billion.