New York – The famous investor Warren Buffett makes a donation of $ 6 billion in the shares of his company with five foundations, bringing the total that he has given them since 2006 About 60 billion dollars, depending on their value when received.
Buffett said on Friday evening that the actions of Berkshire Hathaway will be delivered on Monday. Berkshire Hathaway has Geico, Dairy Queen and a range of other companies, and Buffett donates nearly 12.4 million class B shares of his actions. These actions have a lower price and easier to digest than class A initials of the company, and each B shares B was worth $ 485.68 during its last closure on Friday.
The largest tranche goes to the invoice & Melinda Gates Foundation Trust, who will receive 9.4 million shares. The Susan Thompson Buffett Foundation will receive 943,384 actions, and the Sherwood Foundation, the Howard G. Buffett Foundation and the Novo Foundation will each receive 660 366 shares.
Buffett made waves a year ago when he said He plans to cut donations to the invoice & Melinda Gates Foundation after his death And let her three children decide how to distribute the rest of his fortune.
Berkshire’s class B shares have climbed 19.1% in the past 12 months, exceeding the US stock market by 14.1%, including dividends. Buffett is famous for Wall Street to buy companies at good prices and be more conservative when prices seem too high. The approach to the hunt for good deals helped him to raise a fortune worth around $ 145 billion, with essentially all this in the stock of Berkshire Hathaway.
“Nothing extraordinary has happened in Berkshire; a very long track, simple and generally solid decisions, the American back wind and the composition effects produced my current wealth,” Buffett said in a press release. “My will gives that about 99½% of my succession is intended for philanthropic use.”
