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Tuesday 10 July 2012

Warren Buffett gives $1.9 billion to Gates Foundation, other charities

Warren Buffett speaking to a group of students...Warren Buffett  (Photo credit: Wikipedia)
OMAHA, Neb: Billionaire Warren Buffett  has handed out $1.9 billion worth of Berkshire Hathaway Inc. stock as part of his plan to gradually give away most of his $44.1 billion fortune. 

Buffett disclosed his gifts of 22.4 million Class B Berkshire shares on Monday. The biggest gift of about 18.4 million shares worth more than $1.5 billion went to the Bill & Melinda Gates Foundation, in accordance with the plan Buffett outlined in 2006. 

Buffett also gave 1.8 million shares to his own foundation and 643,203 shares to each of his three children's foundations. 
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