• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Contact Us
  • About Towleroad
  • Towleroad on Social Media
  • Privacy Policy

Towleroad Gay News

Gay Blog Towleroad: More than gay news | gay men

  • Travel
  • Sports
  • Law/Justice
  • Celebrities
  • Film/TV/Stream
  • Republicans
  • Madonna
  • Books
  • Men
  • Trans Rights
  • Tech/Science
  • Royals
  • Monkeypox

Warren Buffett donates $4 billion to charity

Towleroad June 15, 2022 Leave a Comment

Published by
Reuters

By Jonathan Stempel and Manya Saini

(Reuters) -Warren Buffett on Tuesday donated about $4 billion to the Bill & Melinda Gates Foundation Trust and four family charities, part of the billionaire’s pledge to give away nearly all of his net worth.

Berkshire Hathaway Inc, which Buffett has run since 1965, said the donation comprises about 14.4 million of its Class B shares, whose closing price on Tuesday was $277.64.

Eleven million shares will go to the Bill & Melinda Gates Foundation, and 1.1 million will go to the Susan Thompson Buffett Foundation, named for Buffett’s late first wife.

Another 770,000 shares will also go to each of three charities run by Buffett’s children Howard, Susan and Peter: the Howard G. Buffett Foundation, the Sherwood Foundation and the Novo Foundation.

Since 2006, the 91-year-old Buffett has donated more than half of his Berkshire shares, with the donations worth about $45.5 billion at the time they were made.

Despite the donations, Buffett still owns approximately 16% of Berkshire and controls about one-third of its voting power.

Both percentages have been fairly stable in recent years because Berkshire has aggressively repurchased its own stock.

Buffett has built Omaha, Nebraska-based Berkshire into a more than $600 billion conglomerate, owning dozens of businesses such as the BNSF railroad and Geico auto insurance, and stocks such as Apple Inc and Bank of America Corp.

He and Bill Gates also pioneered “The Giving Pledge,” where more than 200 people like Michael Bloomberg, Larry Ellison, Carl Icahn, Elon Musk and Mark Zuckerberg committed at least half their fortunes to philanthropy.

(Reporting by Jonathan Stempel in New York and Manya Saini in Bengaluru;Editing by Vinay Dwivedi and Cynthia Osterman)

Topics: Aaon, Business, Class, Philanthropy More Posts About: Warren Buffett

Related Posts
  • Warren Buffett charity lunch fetches record winning bid of $19 million
  • Chris Pratt Called Out! Actor’s ‘Not Religious’ Claim Debunked After Spilling About Church & Faith For Years

    Chris Pratt Called Out! Actor’s ‘Not Religious’ Claim Debunked After Spilling About Church & Faith For Years

    Published by Radar Online Mega Chris Prattshocked the world when he came out and denied going to Hillsong church or being religious altogether after catching flak for going to an anti-LGBTQ establishment — but now, after …Read More »
  • Baz Luhrmann is turning Australia into new series Faraway Downs

    Baz Luhrmann is turning Australia into new series Faraway Downs

    Published by BANG Showbiz English Baz Luhrmann is turning ‘Australia’ into a six-part series. The 59-year-old filmmaker has officially revealed his 2008 epic adventure film – which starred Nicole Kidman and Hugh Jackman – will be …Read More »
  • WHO warns ‘sustained transmission’ of monkeypox risks vulnerable groups

    WHO warns ‘sustained transmission’ of monkeypox risks vulnerable groups

    Published by Reuters LONDON (Reuters) – The World Health Organization said “sustained transmission” of monkeypox worldwide could see the virus begin to move into high-risk groups, like pregnant women, immunocompromised people and children. WHO said on …Read More »
  • U.S. Supreme Court expands state power over tribes in win for Oklahoma

    U.S. Supreme Court expands state power over tribes in win for Oklahoma

    Published by Reuters By Lawrence Hurley WASHINGTON (Reuters) -The U.S. Supreme Court on Wednesday widened the power of states over Native American tribes and undercut its own 2020 ruling that had expanded Native American tribal authority …Read More »
Previous Post: « Biden fires culture war salvo with big LGBTQ celebration
Next Post: Julia Garner offered the role of Madonna »

Primary Sidebar

News

  • California beachfront property to return to Black family

    California beachfront property to return to Black family

  • Four takeaways from the sixth day of Jan. 6 U.S. Capitol riot hearings

    Four takeaways from the sixth day of Jan. 6 U.S. Capitol riot hearings

  • Trump wanted to join Jan. 6 Capitol riot, tried to grab limo steering wheel

    Trump wanted to join Jan. 6 Capitol riot, tried to grab limo steering wheel

RSS Partner Links

  • OMG, quote of the day: Chris Pratt says he’s actually not a religious person, attempts to clear the air on online backlash
  • Cassidy Hutchinson, 25, Finishes Off Trump? + Monkeypox Info + Gay Roommate Search + Gorsuch's Mom Sucked, Too + MORE! — 12-PACK
  • Meghan Markle Wants Samantha Markle’s Defamation Lawsuit Dismissed
  • Travis Barker Was Hospitalized For An Unidentified Medical Emergency
  • Wednesday Round-Up: Dan Jervis; Brittney Griner; Jim Obergefell; John Waters; Pedro Almodóvar; Ricky Martin & more!
  • What Ronen Rubinstein would say to his younger self: “It’s okay to feel what you feel”
  • Wrestle Wednesday

Most Recent

  • Biden Administration Outlines Monkeypox Strategy, Including Increased Testing, Vaccination And Community Education

    Biden Administration Outlines Monkeypox Strategy, Including Increased Testing, Vaccination And Community Education

  • Chris Pratt Called Out! Actor’s ‘Not Religious’ Claim Debunked After Spilling About Church & Faith For Years

    Chris Pratt Called Out! Actor’s ‘Not Religious’ Claim Debunked After Spilling About Church & Faith For Years

  • Baz Luhrmann is turning Australia into new series Faraway Downs

    Baz Luhrmann is turning Australia into new series Faraway Downs

  • WHO warns ‘sustained transmission’ of monkeypox risks vulnerable groups

    WHO warns ‘sustained transmission’ of monkeypox risks vulnerable groups

  • U.S. Supreme Court expands state power over tribes in win for Oklahoma

    U.S. Supreme Court expands state power over tribes in win for Oklahoma

  • Ginni Thomas’ lawyer wants to know what Jan. 6 probe wants from his client

    Ginni Thomas’ lawyer wants to know what Jan. 6 probe wants from his client

  • U.S. steps up fight against monkeypox, allocates more vaccines to states

    U.S. steps up fight against monkeypox, allocates more vaccines to states

  • Ethan Hawke and Pedro Pascal cast in Strange Way of Life

    Ethan Hawke and Pedro Pascal cast in Strange Way of Life

Most Commented

Social

Twitter @tlrd | Facebook | Instagram @tlrd
  • Advertise
  • Contact Us
  • About Towleroad
  • Towleroad on Social Media
  • Privacy Policy
[towleroadmr] [towleroadtn]

Footer

Copyright © 2022 · Log in