Warren Buffett donates over $750m in Berkshire Hathaway shares to family charities


Berkshire Hathaway Chair Warren Buffett has donated Class B shares of his company worth millions to family charities this week.

Buffett, one of the richest people on the planet, donated 2.4 million Class B shares of Berkshire Hathaway — worth nearly $759 million based on Wednesday’s closing price — according to filings made with the US Securities and Exchange Commission.

The Susan Thompson Buffett Foundation received 1.5 million shares, while 300,000 shares each were donated to the Howard G. Buffett Foundation, the Sherwood Foundation and the Novo Foundation.

The Susan Thompson Foundation is named after Buffett’s first wife and the rest of the charities are run by his children.

After the latest donation, Buffett owns 15.5% of Berkshire’s shares and 31.4% of the company’s voting power.

The SEC filing didn’t mention any gifts to the Bill & Melinda Gates Foundation, which is an annual beneficiary of Buffett’s charity.

As of September, Buffett has donated more than $36 billion to the foundation run by the Microsoft co-founder.

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