Warren Buffett has donated roughly $2.9 billion of Berkshire Hathaway Inc stock to four family charities and the Bill & Melinda Gates Foundation, the latest but not largest contribution in his plan to give away his fortune.
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan
It boosted his donations to the charities to more than $37.4 billion since Buffett, who turns 90 on Aug. 30, began giving his Berkshire shares away in 2006. Forbes magazine said on Tuesday that Buffett was still worth $71.4 billion, ranking seventh worldwide. Gates, a longtime Buffett friend, ended his 16-year run on Berkshire’s board this year to focus on his foundation.This is in part because Buffett has not found attractive major acquisitions and financing opportunities for his $440 billion conglomerate, even during the coronavirus pandemic.
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