Warren Buffet Gives $2 Billion To Charities
By Ron Haruni · Jul 7, 2008 · Author's Website
Often called the “Oracle of Omaha”, billionaire Warren Buffet has given away $2 billion to charities.
From AP: Excerpt:
Billionaire Warren Buffett has given away 512,169 Class B shares of Berkshire Hathaway Inc. (BRKB-B) stock to three charitable foundations in keeping with his plan to give away the bulk of his fortune.
-
The gifts were revealed in paperwork filed Monday with the Securities and Exchange Commission. Those shares were worth $3,999 each, more than $2.05 billion total, at the close of trading July 1, the day Buffett transferred their ownership.
-
Most of the shares - 451,250 - went to the Bill & Melinda Gates Foundation.
Buffet is known for his philanthropy and support of charitable causes. During fiscal 2006, the Omaha billionaire announced a plan to give away his fortune to charity, with more than 80% of it going to the Bill & Melinda Gates Foundation which is the largest and most transparently operated private foundation in the world.
Related Posts
- Bill Gates announces new version of Windows
- Gates, Buffett Visit Canadian Oil Sands Project
- Gates Warns Congress
- Why Warren Buffett is Betting on Banks Now
- Lawmakers Reach Accord on the Bailout Deal
Join the discussion
