Warren Buffett donated Berkshire Hathaway Inc. stock valued at more than $758 million to charities, including one named after his late wife.
On Wednesday, according to a filing, Buffett contributed 1.5 million Class B shares to the Susan Thompson Buffett Foundation and 300,000 shares to each of the Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation. After changing 1,600 Class A shares into 2.4 million Class B shares, Buffett made the donation.
According to the Bloomberg Billionaires Index, Buffett, 92, has a net worth of $110.4 billion, making him the sixth-richest person in the world. Even though the majority of those on the ranking saw their net worths decrease due to market unrest, his fortune increased by $1.5 billion this year. If not for his donations to charity, he would have much more money.
With his friends Bill Gates and Melinda French Gates, he launched the Giving Pledge in 2010, promising to contribute 99% of his wealth, either during his lifetime or after his passing. He has already donated Berkshire stock valued at over $32 billion to the Bill & Melinda Gates Foundation and has frequently contributed to the foundations of his family members.