Warren Buffett announces donations of 6 billion US dollars at five foundations

New York (AP) – The famous investor Warren Buffett donates his company’s shares to five foundations worth 6 billion US dollars to bring them He has given them overall since 2006 At around 60 billion US dollars based on their value when they have been received.

Buffett said late Friday that the stocks of Berkshire Hathaway were delivered on Monday. Berkshire Hathaway has Geico, Dairy Queen and a number of other companies, and Buffett donates almost 12.4 million of class B. shares. These shares have a lower and lighter price than the company’s original shares in the company, and each of the B shares was worth $ 485.68 last Friday.

The largest tranche goes to Bill & Melinda Gates Foundation Trust, which receives 9.4 million shares. The Susan Thompson Buffett Foundation receives 943,384 shares, and the Sherwood Foundation, Howard G. Buffett Foundation and the Novo Foundation each receive 660,366 shares.

Buffett made waves a year ago when he said He plans to reduce donations to Bill & Melinda Gates Foundation after his death And let his three children decide how to distribute the rest of his assets.

The class B share of Berkshire Hathaway has risen by 19.1% in the past 12 months and exceeded the return of the broad US stock markets of 14.1%, including dividends. Buffett is famous in Wall Street to buy companies at good prices and to be more conservative if the prices look too high. The bargain hunting approach helped him to collect a fortune worth around $ 145 billion, whereby everything in Berkshire Hathaway’s shares is basically everything.

“Nothing exceptional has occurred in Berkshire. A very long runway, simple and generally well -founded decisions, the American tailwind and compounding effects have produced my current assets,” said Buffett in a statement. “My will provides that about 99 ½% of my estate are intended for philanthropic use.”